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Gerber Finance Funds $3MM Credit Line to System Freight

April 11, 2014, 07:29 AM
Filed Under: Transportation

Together with the effort of the Azadian Group, Gerber Finance Inc. funded a $3 million line of credit funding to System Freight, Inc.

System Freight, Inc. (“SFI”), founded in 1975 by late James LaMarca is a specialized truckload carrier that provides dedicated contract fleet operations for major manufacturers, primarily in the corrugated packaging industry.  SFI offers its customers a complete outsourced trucking solution, transporting full truckloads to a single destination, and providing remote management and logistics services. They have an incredibly sophisticated logistic and tracking management system using inter-alia, detailed fleet management software.   SFI maintains a fleet of 278 day cab tractors and 1,700 dry-van trailers custom built to the company's specifications.

"Gerber really went the extra mile to figure out what our business really needed.  They tailored a financing solution that met our unique business challenges and made the financing transition easy  and seamless.  They are professional, effective and absolutely a great team to work with."
Michael Pagliuca - CEO  

Raffi Azadian, CEO of Azadian Group LLC, who advised SFI  on the transaction, commented:  "It was a pleasure working with the Gerber team on this transaction.  They immediately understood the client's needs, goals and challenges and structured a deal that perfectedly suited them.  The client appreciated Gerber's approach and is very satisfied with the end result."

Gerber Finance Inc. is a non-bank asset-based and trade finance lender located in New York, NY. Founded in 1995 by Gerald Joseph, Gerber is the product of a joint venture between Investec, a member of the London Stock Exchange, and the Gerber Goldschmidt Group, a leading international trading company, both based in South Africa. Gerber Finance provides businesses with credit lines from $500,000 to $10 million and specializes in financing the growth of importers, distributors, service providers, and manufacturers across a wide range of industries.

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