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Gerber Finance Provides $5MM Line of Credit to French Transit

August 04, 2021, 07:52 AM
Filed Under: Consumer Products

Gerber Finance, an eCapital company and leading finance partner for?companies experiencing accelerated growth, announced the closing of a $5MM line of credit to French Transit, parent company of MyChelle Dermaceuticals, Crystal Deodorant, and Luster Premium White. The new funding will support French Transit’s continued expansion of their health and skincare portfolio. The deal was managed under the Naturally Gerber Finance division, which works with companies within the fast-growing natural products space, from clean label, organic and non-GMO products, to sustainable design and packaging.  
“Gerber Finance has deep expertise in the consumer products industry, understands the complexities of our business, and can adjust to our needs as we expand,” said John Samoya, CFO of French Transit. “We’ve worked with Gerber previously, and they were extremely supportive and creative in structuring financing, so they were the obvious choice when we needed financing for these companies.”
“With our personalized approach to financing and people-first team, we place an immense importance on cultivating relationships with our clients, and we’re thrilled to partner with this management team again,” said Jennifer Palmer, CEO of Gerber Finance. “We're excited to see French Transit’s continued growth with this new round of funding.”
Gerber launched its Naturally Gerber Finance division in 2020 to serve the needs of its growing base of natural products companies in its portfolio. The team has funded over dozens of natural products companies including Stasher, Coola, and Om Mushroom Superfood.

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