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Gerber Finance Funds $3MM Credit Line to Baby Gourmet

December 05, 2014, 10:06 AM
Related: Gerber Finance

Gerber Finance announced it funded a $3 million line of credit to Baby Gourmet. The company started in 2006 by a mother who was not satisfied with the current offering of baby food for her children.  She set out to create something special; organic, nutritious and delicious.  The result is Baby Gourmet -  Canada's leading brand, delivering organic pouched meals and snacks that babies love and Mom's feel good about.

"Our company has so much potential, but at our early stage, traditional banks would not lend the necessary growth capital to realize our potential.  Although inexperienced in the world of asset-based lending,the team at Gerber provided a very positive experience for us.  Their knowledge and expertise resulted in a smooth and efficient process, as they understood our needs and organizational nuances.  We appreciated their flexibility and support with the unique aspects of our business.  Gerber’s approach demonstrates a level of caring and interest in the success of our organization, that is rare in business today. They are authentic people, who speak frankly, and genuinely care about the future of our company.  We are really excited about working with Gerald, Jennifer and the rest of the team and would strongly recommend them to others with unique financing needs," said Michael Watt, CEO of Baby Gourmet.

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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