Updates

Gerber Finance Closes $11MM Line of Credit Under its New Gerber+ Division

By 01.21.21September 23rd, 2022No Comments
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Last Modified : Sep 23, 2022

NEW YORK, January 14, 2021 – Gerber Finance, a leading finance partner for companies experiencing accelerated growth, today announced it has provided a $11 million line of credit to a prominent Brooklyn-based real estate holding company. This is the second deal under Gerber Finance’s new Gerber+ division that services businesses seeking funding ranging from $10 to $25 million.

The real estate holding company selected Gerber Finance for its fast and flexible structure and hands-on partner approach. The company will be leveraging the funding to take advantage of new opportunities. The deal closed within two weeks of its inception.

“We are tremendously excited that Gerber+ is quickly expanding its offering to new businesses in all industries,” said Jennifer Palmer, chief executive officer, Gerber Finance. “We recently launched Gerber+, so closing this deal is a huge step in the right direction for our organization. There has been an increasing need for this service in the market, and we’re proud to be working alongside these fast-growing companies as a trusted financing partner.”

Gerber+ is a new division of Gerber Finance focused on larger deals, allowing the company to appeal to new clients, and grow with existing clients. Gerber+ clients benefit from the company’s ability to offer quick turnaround times – including closing and making accommodations quickly – along with personalized, white-glove service.

About Gerber Finance

Gerber Finance is the leading financing partner for companies experiencing accelerated growth. Its asset-based lending (ABL) structure allows companies to retain equity while driving sustainable profit. The company’s flexibility, care, and tailored structures make them an ideal partner for companies with seasonality in their business. Gerber Finance is an eCapital Corp., company. For more information, please visit: https://www.gerberfinance.com/.

ABOUT eCapital

Since 2006, eCapital has been on a mission to change the way small to medium sized businesses access the funding they need to reach their goals. We know that to survive and thrive, businesses need financial flexibility to quickly respond to challenges and take advantage of opportunities, all in real time. Companies today need innovation guided by experience to unlock the potential of their assets to give better, faster access to the capital they require.

We’ve answered the call and have built a team of over 600 experts in asset evaluation, batch processing, customer support and fintech solutions. Together, we have created a funding model that features rapid approvals and processing, 24/7 access to funds and the freedom to use the money wherever and whenever it’s needed. This is the future of business funding, and it’s available today, at eCapital.

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eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.