Company:Gerber Finance
| Type | Private |
|---|---|
| Industry | Lending Finance |
| Founded | New York City , 1995 |
| Headquarters | New York City , New York |
Key people | Gerald Joseph, Founder Jennifer Palmer, CEO Kevin McGarry, CCO |
| Products | Asset-Based & Trade Finance Lines of Credit |
| Website | www.gerberfinance.com |
About Gerber Finance
Gerber Finance is a finance partner for companies that are experiencing accelerated growth. It specializes in asset-based lines of credit and provides working capital by leveraging accounts receivable and inventory assets to companies that generate between 2MM to 100MM of revenue per year. Gerber Finance also lends against intellectual property. Gerber Finance operates on a mission of “Purpose, Potential, and Profit,”and serves companies across multiple industries. Gerber Finance’s mission is to finance the long-term profitable growth of its clients and to do so with maximum flexibility. Each credit facility is custom-designed to meet the individual needs of each client’s business, taking into account trade cycles, seasonality, customer base, and more.
Gerber Finance founded the Gerber Finance Foundation in 2018, with a commitment to move communities forward. “Gerber Gives Back,” an employee-driven volunteer program, enables team members to provide relief from food insecurity for hundreds of kids in surrounding communities.
About the Team
The Gerber Finance team is diverse, consisting of unique individuals from over a dozen different birth countries, educational backgrounds and experiences – although one clear beacon links them together: they are all purpose-driven. They care about giving back to the community, making an impact in this world, having a meaningful corporate culture, and helping companies reach their fullest potential.
History
Founded in 1995, Gerber Finance started after Gerald Joseph immigrated to the United States from South Africa. He built Gerber Finance from the ground up and transmitted his passion for working with entrepreneurs to a growing team. This team is dedicated to ensuring that clients maximize their full potential – profitably and personally.
References
April 2020 – Jennifer Palmer on the cover of The Secured Lender:
https://www.sfnet.com/home/industry-data-publications/the-secured-lender/magazine/tsl-digital-issue
April 2020 - Elena Goynatsky (page 44/45) with discussions on working in finance and Jen’s transition to CEO:
https://www.sfnet.com/home/industry-data-publications/the-secured-lender/magazine/tsl-digital-issue
January 16, 2020 – Jennifer Palmer, CEO Succession:
https://www.abladvisor.com/news/17850/gerber-finance-announces-ceo-succession-palmer-to-succeed-joseph-as-gerber-finan
March 17, 2017 – Gerber Finance Announces Expansion plans:
https://www.abladvisor.com/news/11462/gerber-finance-taps-new-capital-partner-to-expand-footprint
Recent deals:
https://www.abladvisor.com/news/18490/gerber-finance-funds-1mm-line-of-credit-for-spectron-glass-electronics
https://www.abladvisor.com/press-releases/18346/gerber-finance-funds-1mm-line-of-credit-for-nona-lim
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