Gerber Finance launched Naturally Gerber Finance, the company’s newly formed division focused on the natural products market. Andrew Hollingsworth, former CFO at Numi Organic Tea, who was hired by Gerber Finance earlier this year, will helm the new division.
Gerber Finance hired three new full-time employees, including Graham Nelson as a collateral analyst in the California office, Hailey Williams as a collateral analyst in the New York office and Kelly South as marketing and communications coordinator.
Gerber Finance funded a $1 million line of credit to Spectron Glass & Electronics, which produces tilt sensors for both military and commercial marketplaces.
Gerber Finance funded a $2 million line of credit for MPOWERD, a provider of portable clean energy products.
Gerber Finance funded a $1 million line of credit to Nona Lim, a manufacturer of Asian comfort foods.
Andrew Hollingsworth has joined Gerber Finance’s west coast team as senior vice president, west coast regional manager.
Gerber Finance completed it CEO succession strategy, naming longtime President Jennifer Palmer as CEO with Founder Gerald Joseph transitioning to strategic advisor and chairman of the board.
Gerber Finance launched a West Coast office. Ed Park is relocating from New York to Santa Monica, CA to lead the new office, assisted by Tammy Rouah.
Howard Moore, III joined Gerber Finance as vice president in the Marketing Division.
Gerber Finance funded a C$3 million ($2.363 million) asset based credit facility for a capital projects consulting and advisory firm based in Ontario.