Gerber Finance Provides $10MM Line of Credit to NorthCape International

Gerber chosen by KCP Advisory Group and NorthCape International for its Flexible Financing

NEW YORK, September 14, 2021 - Gerber Finance, the leading finance partner for companies experiencing accelerated growth, today announced a $10MM line of credit to NorthCape International, a prominent manufacturer and wholesale distributor of outdoor furniture. The deal was made under Gerber Finance’s Gerber+ division, which provides customized services to businesses seeking funding ranging from $10 to $25 million.

NorthCape selected Gerber Finance for its knowledgeable management team and fast and flexible financing structure that includes lending on inventory, a solution that was ideal for NorthCape’s business. The company will be leveraging the $10MM of funding as working capital.

"Like many companies during the COVID-19 pandemic, NorthCape dealt with supply chain complications,” said Erin Walsh, CFO of NorthCape. “However, we were still able to increase revenue by 27% in 2020 and we project a 35% increase in 2021. With this in mind, we knew it made sense to work with a financial lender that understands fast-growing companies and offers flexible and customized financing. Thanks to KCP Advisory Group, we found a perfect match with Gerber Finance.”

“We were thrilled to make the introduction between NorthCape and Gerber Finance,” said Jacen Dinoff, principal at KCP Advisory Group. “We know NorthCape is in good hands and look forward to their continued growth.”

“When KCP Advisory presented us with this deal, we knew it was the right fit for our Gerber+ division,” said Jennifer Palmer, CEO of Gerber Finance. “We thoroughly enjoy providing the financing that companies need to continue on their successful paths, and NorthCape has immense potential that we’re very excited about. It was a pleasure to work closely with the KCP Advisory team and Erin Walsh to make this partnership a reality.”

Launched in 2020 in collaboration with eCapital Corp., Gerber+ provides a growth platform for existing clients in the Gerber Core and Naturally Gerber Finance divisions and focus on lines of credit up to $10 million.

About Gerber Finance

Gerber Finance is the leading financing partner for companies experiencing accelerated growth. Its asset-based lending (ABL) structure allows companies to retain equity while driving sustainable profit. Offering unmatched flexibility, care, and tailored structures, Gerber Finance is an ideal partner for companies with seasonality in their business. Gerber Finance is an eCapital Corp., company. For more information, please visit: https://www.gerberfinance.com/.

About eCapital Corp.

eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, and asset-based lending. Through its Commercial Finance and Freight Factoring divisions and its portfolio companies Advantedge Commercial Finance Ltd. and Gerber Finance, Inc., eCapital offers capital solutions to a broad set of industries. Based in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.

About KCP Advisory Group

KCP Advisory Group is headquartered outside of Boston. KCP is considered a leading business advisory firm built on the success of its professionals who specialize in providing creative solutions and aiding clients in rehabilitating their businesses. KCP renders services spanning a range of advisory roles from consulting to interim leadership. By recognizing the uniqueness of each engagement, KCP ensures the needs of the situation are met and minimize the cost of valuable solutions by working in small, specialized expert teams. This format provides the experience of a wide range of businesses and industries, to assist a client whether they are healthy, challenged, or distressed and whether the challenges include performance improvement or financial advisory services or turnaround and restructuring.