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Gateway Trade Funding Provides PO Financing to Canadian-Based Watch Company

April 13, 2021, 07:00 AM
Filed Under: Purchase Order Finance

Gateway Trade Funding funded a purchase order facility that gave a watch company the financing they needed to accept and fill a large order.

Maéstro Watch Co., a Canadian-based watch company, had the opportunity to start working with a new retail client, and they knew they needed financing to take on the large order. Fabio Manfré, Maéstro’s Executive Director, was determined to find an alternative financing partner that could help since traditional funding was difficult to obtain given the uncertain economic climate. He was referred to Gateway Trade Funding and quickly knew it was a business partnership that was meant to be.

Gateway Trade Funding provided Maéstro with a $500,000 purchase order facility that allowed them to take on the new client faster than most other financing sources would have. Gateway understood and identified their current and future needs, assuring that Maéstro will have financing available if needed moving forward, which exceeded their goals. Knowing this makes new business acquisition easier for Maéstro.

“Gateway Trade Funding provided us with purchase order financing that allowed us to take on a new retail client with a large order. I normally spend my days needing to micro-manage many aspects of the business but not with Gateway. They are so on top of things, knowledgeable about the process, and truly know their stuff. Working with them made things easier now and in the future.” Fabio Manfré, Executive Director, Maéstro Watch Co.

“Our purchase order financing is ideal for companies like Maéstro Watch 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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