Daily News: February 13, 2012

Gerber Finance Provides $1.5 Million to Microphase

Gerber Finance provides Microphase Corporation with a $1.5 million working capital line of credit.

“Our business is focused on designing and manufacturing to our customers’ specifications. Similarly, Gerber created a facility for Microphase that was tailored to our company’s needs. Gerber’s line of credit allowed us to pay off a more expensive financing facility thereby allowing us to improve our cash flow and purchasing power,” Brian Kelly, general manager of Microphase Corporation

Established in 1955, Microphase is a designer and manufacturer of sophisticated electronic devices for the defense industry.