Gateway Trade Funding provided a $500,000 purchase order facility for Maéstro Watch, a Canadian-based watch company.
Maéstro Watch had the opportunity to work with a new retail client and knew it needed financing to take on the order. Fabio Manfré, executive director of Maéstro Watch, needed to find an alternative financing partner since traditional funding was difficult to obtain given the uncertain economic climate. He was referred to Gateway Trade Funding.
“Gateway Trade Funding provided us with purchase order financing that allowed us to take on a new retail client with a large order,” Manfré said. “I normally spend my days needing to micro-manage many aspects of the business but not with Gateway. They are so on top of things, knowledgeable about the process and truly know their stuff. Working with them made things easier now and in the future.”
“Our purchase order financing is ideal for companies like Maéstro Watch because it allows them to purchase the quantity of product needed to take on new large orders without advancing the funds to suppliers,” Mark Polinsky, principal at Gateway Trade Funding, said.
