Gateway Trade Funding provided a $1.5MM purchase order facility to an importer of dried noodle bowls.
The importer received a new large order from a grocery chain but lacked the working capital to accept it. It was working with a referral source who recommended partnering with Gateway Trade Funding to find a way to accept the order.
“It is wonderful to be able to help amazing companies like this get access to the financing they need to grow their business. Purchase order financing is an invaluable tool for companies. It provides them with the opportunity to grow by accepting large orders they might not otherwise be able to,” Tom Novembrino, principal at Gateway Trade Funding, said.
