An importer of dried noodle bowls received a new large order from a grocery chain but lacked the working capital to accept it. They were working with a referral source who recommended partnering with Gateway Trade Funding to find a way to accept the order.
Gateway successfully provided the food importer with a $1,500,000 PO facility.
Because of the financing from Gateway, the company was able to grow its business and improve its cash flow.
“It is wonderful to be able to help amazing companies like this get access to the financing they need to grow their business. Purchase order financing is an invaluable tool for companies. It provides them with the opportunity to grow by accepting large orders they might not otherwise be able to,” said Tom Novembrino, Principal, Gateway Trade Funding.
About Gateway Trade Funding
Gateway Trade Funding specializes in providing purchase order financing to support our clients by providing funding to their manufacturers for the cost of pre-sold inventory.
For additional information, please visit www.gatewaytradefunding.com.