Gerber Finance funded a $1 million line of credit to Spectron Glass & Electronics, which produces tilt sensors for both military and commercial marketplaces.
Spectron’s sensors have been designed into jet aircraft, both fixed and rotary wing, and also provide gravity reference for torpedoes, missiles, land navigation, ship antennas, microwave landing systems and other applications.
“Spectron Glass & Electronics, Inc., is proud to have engaged in a lending facility with Gerber Finance,” Peter Frazzetto, CFO of Spectron Glass & Electronics, said. “Their willingness to learn our business and find ways to meet our funding needs has exceeded our expectations and given us a plan to facilitate and implement our forward growth plan. Having a lending partner that takes the time to listen and find objective solutions to our operational needs has renewed confidence in us setting new goals to grow our business.”
Gerber Finance is a lender specializing in asset-based loans and trade finance solutions.
