Gerber Finance announced the funding of a $3 million line of credit to organic baby food provider Baby Gourmet.
The company started in 2006 by a mother who was not satisfied with the current offering of baby food for her children. Baby Gourmet is a Canada-based brand that delivers organic pouched meals and snacks.
“Our company has so much potential, but at our early stage, traditional banks would not lend the necessary growth capital to realize our potential,” Michael Watt, CEO of Baby Gourmet, said. “Although inexperienced in the world of asset-based lending, the team at Gerber provided a very positive experience for us. Their knowledge and expertise resulted in a smooth and efficient process, as they understood our needs and organizational nuances. We appreciated their flexibility and support with the unique aspects of our business. Gerber’s approach demonstrates a level of caring and interest in the success of our organization, which is rare in business today. They are authentic people, who speak frankly, and genuinely care about the future of our company. We are really excited about working with Gerald, Jennifer and the rest of the team and would strongly recommend them to others with unique financing needs.”