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Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
By Gerber Finance
Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
Habib previously held the same position for eCapital’s Commercial Finance division and brings more than 25 years of experience across a wide range of corporate financial services including asset-based lending and alternative lending, corporate finance and investment banking, and in the mid-market commercial banking industry.
“Given Karim’s expertise, he is the ideal person to introduce Gerber Finance and our tailored asset-based lending products to the Canadian market,” said Jennifer Palmer, CEO of Gerber Finance. “With Karim and the support of eCapital, we are excited to expand our operations into Canada and offer cross-border financing.”
Prior to joining eCapital Corp. in May 2016, Habib was a Senior Vice President in asset-based lending at Wells Fargo Capital Finance in Toronto. He also held management positions at RBC Capital Markets and Laurentian Bank of Canada. Habib’s expertise also includes financial advisor services assisting lower mid-market companies with corporate finance and investment banking services ranging from mergers and acquisition activities to restructuring credit facilities.
Habib has his MBA from Niagara University in New York and undergraduate degree from Wilfrid Laurier University in Waterloo, ON.
Gerber Finance is a rapidly growing firm with specialties in the natural products and beauty industries and a commitment to increasing equity in financing by making women-led companies at least 51% of their portfolio.
About Gerber Finance
Gerber Finance its the leading financing partner for companies experiencing accelerated growth. Its asset-based lending (ABL) structure allows companies to retain equity while driving sustainable profit. The company's flexibility, care, and tailored structures make them an ideal partner for companies with seasonality in their business. Gerber Finance is an eCapital Corp. portfolio 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.
