Gemini Finance Corp. Provides $10.0 Million Purchase Order Financing Facility to a Provider of COVID-19 Tests

Gemini Finance Corp. is pleased to announce that it has provided a $10.0 million purchase order financing facility to a provider of COVID-19 tests to a large midwestern state. Gemini’s client, a healthcare supply company, required the funds to secure the COVID-19 tests from the manufacturer.

The client needed the capital quickly and was unable to secure the funds from traditional banks or ABL lenders. Gemini was able to efficiently diligence the transaction and provide the purchase order capital needed. The transaction was brought to Gemini by a boutique Los Angeles-based investment bank.

“Gemini once again showed that it is able to provide much needed liquidity and fund transactions in record time,” Steven Winters, CEO & President of Gemini Finance Corp., said. “Gemini’s strong balance sheet and excellent reputation as a trusted and reliable partner led to a successful transaction for all parties.”

About Gemini Finance Corp.:

Gemini Finance Corp., founded in 2012, provides capital for international and domestic supply chain finance needs to U.S. based companies. Gemini provides secured business loans to growing entrepreneurial companies primarily for purchase order financing and inventory. Gemini has a successful track record working with banks, factors and brokers to create a collaborative solution for borrowers. Gemini is located in Rancho Santa Fe, CA.  www.GeminiFinanceCorp.com