JPalmer Collective, an asset-based lending company launched in March 2023, expanded its team of finance industry veterans with the appointment of Celina Rambaran as senior vice president of operations.
JPalmer Collective closed a line of credit of up to $1 million for Cook San Francisco, which does business as Nona Lim, a woman-owned producer of noodles, broths and stir-fry kits based in San Francisco. This is the first deal announced from JPalmer Collective since its initial launch on International Women’s Day.
JPalmer Collective, an asset-based lending company, appointed Gerald Joseph, founder of Gerber Finance, chairman of the company’s advisory board. Joseph brings more than 27 years of experience and a wealth of knowledge to the role.
Earlier this year, Jennifer Palmer, the former CEO of Gerber Finance and eCapital Asset-Based Lending, teamed up with Melissa Fleishman, another former Gerber Finance and eCapital executive, to launch JPalmer Collective, an asset-based lender with a clear focus on providing financing to women-owned businesses and supporting sustainability.
According to Axios, JPalmer Collective has accrued $90 million in transaction activity, causing it to seek out increased funding, primarily with institutional investors.
As first reported by The Secured Lender, Jennifer Palmer, the current president of the Secured Finance Network and former CEO of eCapital Asset Based Lending and Gerber Finance, launched JPalmer Collective, a brand-new asset-based lending firm.