Gateway Trade Funding is pleased to announce they have partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company.Contact Us Today
A technology business experiencing tremendous growth had just won a new large contract from one of its largest retailers. Their private equity firm partner recommended they reach out to Gateway because of the retailer’s long payment cycle. They suggested that Gateway’s financing options could provide short-term financing to help them fulfill the contract and take on others.
Gateway Trade Funding partnered with another lender to successfully provide the company with over $4.5MM in financing. The facility included stretch financing, a factoring facility, and purchase order financing.
“The financing offered by Gateway and their partners has helped us free up cash to pay our vendors with long payment cycles. Working with their team has been easy and straightforward,” commented the tech company COO/CFO.
The combined financing from Gateway and their partner was used to fund inventory and provide them with working capital. As a result, they were able to accept the large order and grow their business.
“We are excited to have the opportunity to partner with another lender to help this new and exciting company grow. Gateway’s dedication to partnerships that allow us to structure customized financing programs was the key to successfully helping this company get the financing they needed both now and, in the future,” said Mark Polinsky, 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.