RSF is thrilled to announce that we closed a loan to gDiapers this past
Monday, July 27th, for $750,000.
The loan is an ARIF (Accounts Receivable Inventory Financing) line of credit that will provide working capital to the company for their market expansion. gDiapers (the “g” stands for “green”) produces a disposable and compostable diaper created without toxic emissions, without the subsequent health problems that can come from conventional diapers, and with a significant reduction in the end-waste product. The company’s Australian founders, Jason and Kim Graham-Nye, were spurred into action when they discovered that conventional disposable diapers are the third largest contributors to landfills – and only five percent of the population uses them. The overarching guiding philosophy of gDiapers is “Fair Dinkum,” an Australian expression which advises one to be genuine and real with everyone you encounter. Every product they make is built on a triple-bottom-line foundation that focuses on what is “best for baby, best for planet.” To find out more about gDiapers, visit: www.gdiapers.com.
For more information on the RSF lending program, click here, or for information on how to invest in RSF’s lending program, click here.