Gateway Trade Funding, based in Chicago and Los Angeles, recently completed 13 purchase order transactions of at least $250,000. Outlined below are brief descriptions of the deals:
- $250,000 facility to an importer of food related products selling to Canadian retailers
- $250,000 facility to an importer of men’s and women’s apparel selling to U.S. and Canadian retailers
- $300,000 facility to an importer of men’s and women’s apparel selling to U.S. retailers
- $450,000 facility to an importer of LED lighting selling to Canadian corporations and Canadian utilities
- $500,000 facility to an importer of technology related products selling to Canadian retailers
- $250,000 facility to an importer of men’s and women’s apparel selling to Canadian retailers and boutiques
- $250,000 facility to an importer of graduation gowns selling to U.S. and Canadian universities and school districts
- $800,000 equipment financing facility to a U.S paving and ashphalt company
- $300,000 facility to an importer of yarn and roofing fabrics selling to U.S. textile manufacturers and general contractors
- $350,000 facility to an importer of women’s apparel selling to U.S. retailers and boutiques
- $1 million purchase order facility to importer of consumer electronics
- $250,000 purchase order facility to importer of men’s footwear
- $250,000 purchase order facility to importer of women’s footwear
Gateway Trade Funding provides letters of credit to foreign and domestic manufacturers for the cost of pre-sold inventory, ranging in size from $100,000 to $10 million.