Gateway Trade Funding provided a $1 million purchase order facility to a vitamin supplement company after the company secured a contract with payment terms beyond its current cash flow capabilities. The deal was referred to Gateway by a broker.
Gateway provided the funding to help the company fulfill the order and support the contract terms. With the financing from Gateway, the company can now consider orders with a greater variety of payment terms.
“Our purchase order financing is perfect for companies like this who need access to funding that allows them more flexibility with payment terms,” Tom Novembrino, principal of Gateway Trade Funding, said. “It was a pleasure to work with them, learn about their business and help them to grow.”
