Daily News: February 3, 2012

Gerber Finance Provides Facility to Rare Woods USA

Gerber Finance Inc. announced the funding of a $500,000 facility to Rare Woods USA, LLC for the purchase of inventory and for working capital purposes.

Rare Woods is an international trader of rare and exotic timber used in the manufacture of furniture, musical instruments and art.

“Although Rare Woods was founded in 1982 we only recently launched our U.S. operations and needed a lender who is comfortable with inventory and supportive of rapid growth. Choosing Gerber Finance as our lender was a no brainer. They understand what is required for a company to jump start sales and will allow our credit facility to grow in tandem with our revenue.” Rory Wood, CEO of Rare Woods.