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Gateway Trade Funding Completes Two New Transactions

October 25, 2019, 08:00 AM

Gateway Trade Funding, a P/O and Trade Financing company, announced the completion of the following purchase order transactions:

  • A $1,000,000 Purchase Order facility for a Canadian company selling specialist towels and linens to hotels that are imported from India. The Company needed a PO facility to close its cash flow cycle. Gateway was able to supply a Letter of Credit to their Indian supplier. The Facility has helped the Company grow further than their original projections.
  • Gateway recently partnered with a factoring company to help provide a $500,000 Purchase Order facility to a three-year-old Midwest-based winter athletic equipment and Apparel Company that supplies goods to outdoor retailers. The Company’s anticipated growth potential (100% year on year historically) was restricted due to a lack of working capital to pay suppliers, despite high gross profit margins. The PO financing facility provided a letter of credit to their Chinese manufacturer.

“Commercial Finance Partners is proud of strategic partnerships with quality lenders like Gateway Trade Funding. Our client needed funds to purchase inventory from suppliers who required payment upfront and Gateway’s team was able to quickly underwrite, onboard, and fund the business with a transaction-based facility tailored to the needs of the client,” commented the Factoring Companies Business Development Officer.

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