Gateway Commercial Finance LLC, a national invoice factoring company, announced that it has been named to the INC 500/5000 List for the fourth consecutive year. The INC 500/5000 List annually recognizes privately-held companies in the United States that have had the fastest revenue growth over the preceding four years.
According to Marc J. Marin, Managing Director of Gateway, this year’s inclusion on the INC 500/5000 List is especially meaningful because of how competitive the current environment is for providing financing to small and midsize enterprises.
“We’ve remained committed to our fundamental underwriting guidelines and avoided going after the easy money deals and the high risk associated with them,” said Marin. “We’re extremely proud to have been honored with this award four years in a row in an ever increasing field of strong competition. The INC award is a reminder to remain committed to our core values which above all else is a guaranteed recipe for long term success.”
The past year has been marked by some significant achievements for Gateway. The company has maintained the highest client retention rate in the industry, with an average retention of 39 months. They also crossed a significant milestone, providing more than half a billion dollars of funding since the company’s founding in 2007.
Marin credits Gateway’s continued growth to its commitment to conservative underwriting principles, which is rare in an industry in which non-bank lenders with few underwriting requirements are multiplying on a nearly monthly basis.
Marin also gives credit to Gateway’s credit partner, First Tennessee Bank, which recently renewed and increased Gateway’s credit facility. “First Tennessee Bank has been an ideal partner and we look forward to a continued and prosperous relationship with them,” said Marin.
Marin said that Gateway looks forward to helping more small and midsize businesses with their funding needs. “We look at each individual business and the collateral that they’re bringing to the table,” he said. “That allows us to offer funding where banks and other lenders may not be able to. For many businesses, getting that funding can mean the difference between success and failure.”
Gateway Commercial Finance, LLC has been serving the small to medium-sized business community for years offering invoice factoring services. By leveraging quality unpaid invoices, the company provides working capital to provide companies with the cash flow they need when they cannot get it through traditional lending means.