Funding the Gap Between A Company’s Supplier and Wal-Mart with $500,000 in Purchase Order Financing
Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that we recently funded a deal that gave a company the financing they needed to satisfy their supplier and fill a large order from Wal-Mart.
A relatively new company that makes single serving cocktail mixers received a very large order from Wal-Mart. They did not have the funds or financing in place to pay their supplier to fulfill the order. They turned to Gateway Trade Funding, and we were able to provide $500,000 in Purchase Order Financing, allowing them to complete the first of many orders.
The company now has the tools in place to comfortably continue and grow the relationship with Wal-Mart and approach new customers.
“As a start-up with a large order from Wal-Mart, Gateway was an invaluable resource helping to guarantee we would be able to fulfill the order. They took the time to educate, support, and guide us throughout the entire process, including the many twists and turns, ensuring we understood everything and would be successful,” commented the Company’s Founder & CEO.
About Gateway Trade Funding
Gateway Trade Funding specializes in providing purchase order funding, letters of credit, and payments against documents and wires to foreign or domestic manufacturers for the cost of pre-sold inventory. We fund transactions up to $10 million for firm purchase orders from creditworthy customers for finished goods. Given the correct criteria, we will also consider work-in-process transactions.