Gerber Finance opened a new office in Ontario and appointed Karim Habib managing director of business lending for Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its asset-based lending solutions to consumer-packaged goods companies.
Gerber Finance closed a $6 million line of credit to Puracy, a plant-based personal care and cleaning products company. The deal was managed under the Naturally Gerber Finance division.
For its next monthly livestream event of 2021, ABF Journal will gather a panel of experts from Gerber Finance, Marco Financial and PNC Business Credit to discuss the evolving art of business development on April 29 at 3 p.m. EST.
In 2020, eCapital provided access to more than $4 billion in financing across 80 industries in the U.S. and Canada and also achieved an approximate 66.5% year-over-year increase in gross revenues and an approximate 56% year-over-year increase in portfolio size.
Gerber Finance provided a $3 million line of credit to Karay Metals, a women-led supplier of steel tubing. The deal was made under Gerber Finance’s core division, which services companies seeking $500,000 to $10 million in financing.
Gerber Finance’s Naturally Gerber division, which launched in September 2020, closed three lines of credit to natural products companies Spiceology, Pacha Soap Company and 4th and Heart.
Gerber Finance has been exceptionally busy in 2020. In addition to dealing with the COVID-19 pandemic, the company installed Jennifer Palmer as its new CEO and launched two divisions to better serve existing and prospective clients. Through it all, the company has maintained its dedication to service while keeping an eye on the future.
Gerber Finance provided an $11 million line of credit to a Brooklyn-based real estate holding company. The transaction is the second deal under Gerber Finance’s new Gerber+ division.
Gerber Finance provided an additional line of credit to Designer Protein in partnership with PCG Investors. Designer Protein will use the funding to buy back stakeholder shares and expand the brand into a broader line of active lifestyle products.