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Gateway Trade Funding Provides a $2,800,000 Purchase Order Facility to a Hardware and Software Company
February 13, 2024
Source: Gateway Trade Funding
A hardware and software company secured a large order from a Canadian distributor but encountered a shortfall in working capital to acquire the required inventory. Not willing to miss out on this chance, a finance broker recommended Gateway Trade Funding.
Gateway accommodated the letters of credit to their Taiwanese supplier with a $2,800,000 PO facility that allowed them to purchase the needed merchandise.
“Helping innovative companies like this grow their business is wonderful to be a part of. This company has amazing potential and our purchase order financing will provide them with the working capital they need to take it to the next level,” commented Mark Polinsky, Principal, Gateway Trade Funding.
With the financing from Gateway the company is positioned to exceed their sales goals.
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.
