Gateway Trade Funding partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company.

A technology business experiencing tremendous growth had just won a new large contract from a large retailer. The private equity firm they were working with recommended they reach out to Gateway Trade Funding because of the retailer's long payment cycle. They suggested that Gateway's financing options could be a good source of short-term financing to help them fulfill the contract and take on others.

Gateway Trade Funding partnered with another lender to successfully provide the company with over $4.5MM in financing, which included stretch financing, a factoring facility, and purchase order financing.

"The financing offered by Gateway and their partners has helped us free up cash to pay our vendors with long payment cycles. Working with their team has been easy and straightforward," commented the tech company COO/CFO.

The combined financing from Gateway and their partner was used to fund inventory and provide them with working capital. As a result, they were able to accept the large order and grow their business.

"We are excited to have the opportunity to partner with another lender to help this new and exciting company grow. Gateway's dedication to partnerships that allow us to structure customized financing programs was the key to successfully helping this company get the financing they needed both now and, in the future," said Mark Polinsky, Principal, 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.