Gateway Trade Funding, a direct lender focused on purchase order financing and stretch finance solutions, completed 25 stretch finance transactions totaling more than $7.7 million across a broad range of industries throughout the United States and Canada.
The transactions provided businesses with immediate access to working capital to support operations, manage growth, fulfill orders and address short-term liquidity needs.
The completed transactions included:
- A $1,600,000 term loan for a U.S. t-shirt supplier
- A $125,000 facility for a U.S. UV light company
- A $300,000 facility for a Canadian poultry manufacturer
- A $125,000 facility for a U.S. construction company
- A $520,000 term loan for a U.S. furniture supplier
- A $520,000 facility for a U.S. supplier of consumer electronics
- A $281,000 facility for a U.S. catering company
- A $75,000 facility for a U.S. supplier of water and food products
- A $300,000 term loan for a U.S. technology solutions provider
- A $250,000 facility for a Canadian communications supplier
- A $70,000 facility for a U.S. machine manufacturing company
- A $250,000 facility for a U.S. aerospace company
- A $45,000 facility for a U.S. home care company
- A $100,000 facility for a U.S. ski-related company
- A $750,000 term loan for a U.S. logistics company
- A $175,000 facility for a U.S. industrial company
- A $75,000 facility for a U.S. digital media company
- A $500,000 term loan for a U.S. industrial supplier
- A $300,000 facility for a U.S. flavored water supplier
- A $400,000 facility for a U.S. CNC machining and manufacturing company
- A $375,000 term loan for a U.S. supplier of cleaning supplies
- A $350,000 line of credit for a U.S. project management services company
- A $100,000 line of credit for a Canadian supplier of food-related products
- A $150,000 facility for a U.S. telecom construction services company
- A $30,000 facility for a Canadian beauty products company
“Businesses today continue to face situations where opportunities move quickly, but access to capital does not always keep pace,” Mark Polinsky, principal of Gateway Trade Funding, said. “Stretch Finance provides companies with fast, flexible working capital that can help bridge timing gaps, support growth initiatives and keep operations moving forward.”
