A fashion jewelry and accessories company was growing fast and had just received a large order from a major retailer. However, their current factoring arrangement wasn’t enough. That’s when their factoring company recommended Gateway Trade Funding to provide the additional capital needed through Purchase Order and Stretch Financing.
Gateway provided an $800,000 Purchase Order facility to help them pay their suppliers and a $100,000 Stretch Financing facility to provide them with the additional working capital they needed.
“Helping businesses secure the financing they need to fulfill major orders and expand operations is at the heart of what we do,” said Mark Polinsky, Principal at Gateway Trade Funding. “It’s rewarding to be part of their growth journey.”
