A food and beverage company had large orders from big box retailers it needed to fill. It was working with a factoring company, but needed additional working capital to fulfill the orders. The factoring company recommended reaching out to Gateway Trade Funding to see if purchase order (PO) funding could work with its existing financing and fill the funding gap.
Gateway successfully provided the food and beverage products company with a $1 million PO facility.
The financing from Gateway complemented its factoring line and allowed it to fulfill the orders from the big box retailers.
“Our purchase order financing is ideal for companies like this food and beverage company because it allows them to purchase the quantity of product needed to take on new large orders without advancing the funds to suppliers,” Mark Polinsky, principal at Gateway Trade Funding, said.
