Gateway Trade Funding provided a $1.5 million purchase order finance facility to a global sourcing company based in Kentucky. The funds will be used to optimize cash flow for a large piece of new business.
After receiving a large order from two U.S.-based companies, the client needed to improve cash flow and minimize its cash out of pocket. The financing allowed them to accept the order and grow their business.
“Gateway provided the funding we needed so we could optimize our cash flow and accept a large piece of new business,” said the company’s president. “Everyone we have worked with at Gateway has been very professional, thorough and detailed oriented. They helped walk us through a process that was unfamiliar to us and there have been no surprises, everything has been as advertised.”
