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.