Gateway Trade Funding partnered with a factoring company to provide a $3 million purchase order facility to a company supplying healthcare masks.
A company supplying healthcare masks that have been in business for 20 years was experiencing tremendous growth. They lacked the funds to accept a large new order from a state government. The company had a factoring facility in place but needed additional working capital to fill the order.
Gateway provided the additional working capital they needed through a $3 million purchase order facility that could assist with their large growth potential.
With the financing from Gateway, the company now has the additional funding they need that complements its other financing options. They expect to be in an excellent position to grow their business.
“We are grateful for partnerships like this one that provides us with the opportunity to help well-established businesses continue to grow,” Mark Polinsky, principal at Gateway Trade Funding, said.
