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Gerber Finance Provides $3MM Line of Credit to Women-Led Steel Tubing Company

March 08, 2021, 08:00 AM
Filed Under: Steel
Related: Gerber Finance

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.    

Karay Metals is a top importer and wholesale distributor of cold drawn mechanical DOM & steel hydraulic tubing, servicing companies across a wide range of industries such as machine manufacturing, automotive, agriculture, and petrochemical. It is the first company in this industry in Gerber’s portfolio.    

“Our company has been in the same family since its inception in 1947,” said Sue Karayannides, CEO of Karay Metals. “The international metals market is known to be mercurial and we have not only survived, transitioned, and remained profitable, but established an enviable reputation for customer service. We look forward to working with the very accessible and supportive people at Gerber Finance to continue or growth and momentum.”  

"The power of partnership is important to Gerber Finance,” said Jennifer Palmer, CEO of Gerber Finance. “We're incredibly enthusiastic to cultivate a close relationship with Karay Metals through our high touch approach and people-first team. As a female CEO it’s been a personal goal of mine to help more women leaders understand the benefits of debt and work with more women-led companies.”

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