With roots dating back to 2006, Global Merchant Fund, Corp (Global Merchant); offers alternative financial solutions primarily catered towards middle-market companies located in the United States of America, Canada and Mexico through asset-based lending (ABL), factoring and supply chain financing.
Global Merchant finances directly, using its balance sheet, client working capital facilities of up to $20 million and co-funds larger transactions up to $100 million alongside other lenders as part of a broader lending syndicate arranged by Global Merchant. This compares favorably to bilateral working capital programs where a single lender may have funding or credit appetite constraints. Global Merchant is industry agnostic.
In March 2017, Global Merchant acquired NY based Gerber Finance, Inc (Gerber). Founded in 1995, Gerber specializes in asset-based lending (ABL) to middle-market companies. Gerber provides an all-inclusive ABL solution that allows companies to generate working capital from all business assets including accounts receivables, inventory, equipment, and real-estate and intellectual property.
In January 2018, Global Merchant acquired Paragon Financial Group (Paragon). Founded in 2004, Paragon is an alternative to bank financing through Non-Recourse Invoice Factoring, A/R Management, Credit Protection, and Purchase Order Financing.
Global Merchant is headquartered in Toronto, with additional offices in California, Florida and New York.