Gerber Finance, an eCapital company, closed a $7 million line of credit to Fair Harbor, a maker of sustainable swimwear, clothing and accessories. The deal was completed under Gerber Finance’s Naturally Gerber division, which works with companies within the natural products space.
Gerber Finance, an eCapital company, closed an $8 million line of credit to Humm Kombucha, a maker of probiotic kombucha drinks.
The Secured Finance Foundation announced its new board members and co-chairs for 2022 and noted the board members’ various areas of special attention, ranging from education, fundraising and community development to data and next generation initiatives.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
Gerber Finance closed a $7.5 million line of credit for Pact, a maker of sustainable, certified organic cotton clothing. Gerber Finance closed the deal under its Naturally Gerber division.
Gerber Finance provided a $10 million line of credit to NorthCape International, a manufacturer and wholesale distributor of outdoor furniture.
Gerber Finance provided a $5 million line of credit to Honey Stinger, a maker of sports nutrition products for athletes. The deal was structured based on e-commerce and intellectual property and completed under the Naturally Gerber Finance division.
Gerber Finance closed a $5 million line of credit to French Transit, parent company of MyChelle Dermaceuticals, Crystal Deodorant and Luster Premium White. The new funding will support the expansion of French Transit’s health and skincare portfolio.
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 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.