TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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July 20, 2021
Source: Gateway Trade Funding
Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that we recently funded a purchase order facility to an outdoor clothing company.
Trew Gear, known for their snow bibs and stylish outdoor clothing, was growing their business and developing a deeper relationship with one of their main customers. To bring the project to life and accept the large order, they started working with a factoring company. As the orders grew, they sought the addition of purchase order financing from Gateway Trade Funding to provide the funding for the finished goods from their supplier.
PO financing from Gateway was pivotal to their success strategy, providing them with the funds to grow their wholesale business without affecting their highly successful online efforts. It has been a win-win for Trew Gear and their wholesaler with a clear path forward into the future.
“There is a rarely found human connection to our relationship with Gateway, which is key to our success. Their deep knowledge and experience with the outdoor market make things easier and less stressful because I know that they understand our business, speak our language, and will help find a way to solve any problem that arises,” commented Chris Pew, CEO, Trew Gear.
“It is gratifying to be able to help companies like Trew Gear get access to the funds they need with purchase order financing that allows them to grow their business,” said Ned Post, Gateway Trade Funding.
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.
For additional information, please visit www.gatewaytradefunding.com.
