Gateway Trade Funding provided a purchase order facility amounting to $500,000 to a thermal insulation company in order to provide it with working capital to achieve its sales goals.
Seeking to broaden its sales reach in the U.S. market, the company established a new subsidiary. However, faced with insufficient working capital to fulfill substantial orders that would help it achieve its new sales goals, the company sought assistance from a finance broker, who referred it to Gateway Trade Funding for support.
“Our purchase order financing serves as an excellent solution for companies such as this thermal insulation firm,” Mark Polinsky, principal at Gateway Trade Funding, said. “It enabled them to secure the vital working capital required to accept substantial new orders, thereby expanding their sales footprint within the United States.”
