Gateway Trade Funding provided a $750,000 purchase order facility to a new consumer goods company focused on personal mobility products.
The consumer goods company was working with a factoring company and received a large order from a big-box retailer with challenging terms. Due to recent supply chain delays, the customer refused to issue a firm purchase order until the goods arrived in the United State. The company’s factoring company recommended working with Gateway Trade Funding to find a way to accept the order, which was accomplished through the $750,000 purchase order facility.
“During these ever-changing times, it is wonderful to be able to help amazing companies like this through these unprecedented challenges. Purchase order financing is an invaluable tool for companies. It provides them with the opportunity to grow by accepting large orders they might not otherwise be able to,” Mark Polinsky, principal at Gateway Trade Funding, said.
