Daily News: June 7, 2019

Gateway Provides $500K P/O Facility to Cocktail Mixer Company


Gateway Trade Funding provided a $500,000 purchase order facility to a company that makes single serving cocktail mixers to enable it to fulfill an order from Walmart.

The company did not have the funds or financing in place to pay its supplier to fulfill the order. It turned to Gateway Trade Funding, and Gateway was able to provide $500,000 in purchase order financing, allowing it to complete the first of many orders.

The company now has the tools in place to comfortably continue and grow the relationship with Walmart and approach new customers.

Gateway Trade Funding specializes in providing purchase order funding, letters of credit, and payments against documents and wires to foreign or domestic manufacturers for the cost of pre-sold inventory.