Gerber Expands to West Coast, Park to Head New Office
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.
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.
Gerber Finance expanded to the West Coast with the opening of its San Diego office. Industry veterans Rachel Donaghy and Lorraine Julius both joined the new office as vice president and senior relationship manager respectively.
Gerber Finance provided ABL financing support for River Hollow Partners’ funding effort to support Powerful, a food and beverage company. The company raised $4 million.
Gerber Finance provided a $2.5 million letter of credit to Dancing Deer, a national manufacturer and distributor of kosher certified, all-natural baked goods headquartered in Boston.
Gerber Finance provided a $250,000 line of credit to Mike’s Hot Honey to help support its growth and provide working capital.
There comes a time when a successful ABL lender must decide on the next step to promote the company’s growth. Gerald Joseph and Jennifer Palmer explain how Gerber Finance chose to partner with a financing firm and provide suggestions for other companies facing similar situations.
As part of its 2017 expansion plan, Gerber Finance created a partnership with Global Fund Holding, parent company of Miami-based Trade Finance Solutions. Gerber will raise its finance cap from $10 million to $15 million.
Barry M. Schneck joined Gerber Finance as senior vice president. Schneck will be responsible for covering the New York, New Jersey and the mid-Atlantic region.