Gerber Finance Supports Fair Harbor’s Exponential Growth with $7MM Line of Credit

Fair Harbor selects Gerber Finance for their creative and personalized financing structure and unconditional partnership

NEW YORK, Oct. 26, 2021 - Gerber Finance, an eCapital company and the leading finance partner for companies experiencing accelerated growth, today announced the closing of a $7MM line of credit to Fair Harbor, maker of sustainable swimwear, clothing, and accessories. The deal was completed under its Naturally Gerber 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.

Founded in 2014 by Millennial (Jake Danehy) and Gen Z (Caroline Danehy) siblings with backgrounds in fashion and climatology, Fair Harbor is an active lifestyle brand that turns post-consumer recycled water bottles into swimwear and clothing with the goal of preventing pollution to Earth’s oceans. To-date, Fair Harbor has recycled over 10 million plastic bottles, preventing waste from entering the ocean. Fair Harbor has seen a steady rate of 1000% year-over-year growth since before the pandemic and has recently expanded its product offering beyond swimwear in addition to launching a kids’ line.

"We chose Gerber Finance for two reasons,” said Jake Danehy, CEO of Fair Harbor. “First, they offer a more creative financing structure than we saw elsewhere in the market, and this structure will be pivotal in facilitating our continued growth. And, we spoke with some of Gerber’s existing clients and they all said Gerber stands out by being a true partner through good times and bad. We're most excited about that partnership as we work with Gerber to continue to build our business.”

"Fair Harbor has seen incredible growth, and we love Jake and Caroline’s passion and purpose,” said Jennifer Palmer, CEO of Gerber Finance. “Fair Harbor’s model of turning recycled water bottles into clothing aligns with our commitment to fund companies giving back to the community and the planet through our Naturally Gerber Finance division, and we look forward to supporting their continued success.”

Gerber launched its Naturally Gerber Finance division in 2020 to serve the needs of the growing base of natural products companies in its portfolio. The team has funded dozens of natural products companies including Stasher, Coola, Honey Stinger, and Om Mushroom Superfood, along with sustainable clothing company Pact.

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 Fair Harbor

Launched in 2014, Fair Harbor is a sustainable beachwear brand started by brother and sister duo, Jake and Caroline Danehy. By creating ultra-comfortable clothing made from recycled plastic bottles, Fair Harbor's mission is to provide products for people to enjoy the places they love, while protecting them too. The brand leverages technology to mitigate the use of single-use plastics by transforming recycled plastic bottles into exceptional swimwear. Each swimwear product is made anywhere from 3 to 22 recycled plastic bottles, available at select retailers across the country and at FairHarborClothing.com.