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Gateway Trade Funding Provides $1MM Purchase Order Facility to Food and Beverage Company

October 25, 2022, 06:00 AM

A food and beverage company had large orders from big box retailers they needed to fill. They had been working with a factoring company but needed additional working capital to fulfill the orders. The factoring company recommended reaching out to Gateway Trade Funding to see if purchase order funding could work with their existing financing and fill the funding gap.

Gateway successfully provided the food and beverage products company with a $1,000,000 PO facility.
“The team at Gateway is very efficient and responsive. From the initial conversation to funding, they were always there to help. Mark has a lot of patience, is on top of everything, and is available when we need him. We hope their continued partnership will help us continue to grow,” commented the CEO of the food and beverage company.

The financing from Gateway complemented their factoring line and allowed them to fulfill the orders from the big box retailers.
“Our purchase order financing is ideal for companies like this food and beverage company because it allows them to purchase the quantity of product needed to take on new large orders without advancing the funds to suppliers,” said Mark Polinsky, Principal, Gateway Trade Funding.  

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