NorthCape International Secures $10 Million in Funding from Gerber Finance

September 15, 2021  by Laurie Northington in Business Strategy, Industry   

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 $10 million 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.”