Gateway Trade Funding closed more than $2.4 million in stretch finance facilities during the first two weeks of June, providing businesses across a wide range of industries with the working capital needed to support growth initiatives, inventory purchases, project funding, vendor payments and other operational needs.
The transactions spanned a diverse range of sectors, including government contracting, logistics, apparel, gaming, e-commerce, manufacturing, industrial equipment, IT services and healthcare.
- A California-based logistics company obtained a $150,000 stretch finance facility to provide additional working capital and support ongoing operations.
- A women-owned apparel company based in Missouri secured a $150,000 stretch finance facility to fund vendor deposits and final production payments for licensed apparel and accessories featuring professional and collegiate sports brands, helping ensure timely delivery of products to customers.
- An Idaho-based manufacturer of ammunition-related products received a $250,000 stretch finance facility to strengthen liquidity and support continued business growth.
- To support the execution of U.S. and international government contracts, a Florida-based government contractor secured a $100,000 stretch finance facility to fund the supplies and equipment needed to deliver IT, facilities, infrastructure and logistics services.
- A Maryland-based gaming company obtained a $112,000 stretch finance facility to prepay licensing fees associated with upcoming product releases and business expansion initiatives.
- A Florida-based online retailer received a $250,000 line of credit facility to fund inventory purchases and introductory orders with new vendors, supporting the continued growth of its health, beauty, fragrance and consumer product lines.
- A manufacturer of ultraviolet lighting products headquartered in New York, secured a $40,000 stretch finance facility to support ongoing working capital needs related to customer orders and receivables.
- An Ohio-based industrial equipment company obtained a $350,000 term loan facility to provide operating capital and support growth initiatives following the acquisition of the business by new ownership.
- A Texas-based distributor of costume jewelry, apparel and fashion accessories received a $225,000 stretch finance facility to strengthen working capital and support continued operations.
- An IT services company located in New Jersey secured a $500,000 stretch finance facility to fund growth and expansion initiatives.
- A provider of diagnostic imaging and testing equipment for cardiology clinics received a $350,000 stretch finance facility to support ongoing business growth and working capital requirements.
“June has been an exceptionally active month, with businesses across multiple industries turning to Gateway for fast, flexible access to working capital,” Mark Polinsky, principal of Gateway Trade Funding, said. “Whether funding inventory purchases, supporting growth initiatives, making vendor payments or capitalizing on new opportunities, our stretch finance and purchase order finance programs help companies obtain the capital they need when timing matters most.”
