Gateway Trade Funding closed more than $6.6 million in stretch finance facilities across 22 transactions for businesses throughout the United States and Canada over the past 45 days.
“These transactions reflect the continued demand we’re seeing for flexible working capital solutions across a wide range of industries,” Mark Polinsky, principal of Gateway Trade Funding, said. “From manufacturers and distributors to consumer products companies and service providers, businesses need access to capital to meet customer demand, manage supplier obligations and take advantage of growth opportunities. Our stretch finance program helps bridge that gap.”
Recent stretch finance transactions completed by Gateway Trade Funding included:
- A Louisiana-based medical products company serving U.S. hospitals secured a $1.06 million stretch finance term loan facility to provide additional working capital and support ongoing operations.
- Gateway provided a $900,000 stretch finance term loan facility to a New Jersey staffing company to provide the capital needed to facilitate continued growth.
- A California chocolate manufacturer supplying U.S. retailers received a $650,000 stretch finance facility to fund supplier payments and deposits.
- A Utah furniture importer serving U.S. retailers secured a $500,000 stretch finance facility to fund supplier deposits required for future production.
- Gateway funded a $375,000 stretch finance term loan facility for a Wisconsin importer of specialized cleaning supplies to strengthen working capital and support ongoing operations.
- An Illinois beauty products importer received a $360,000 stretch finance facility to purchase inventory for upcoming sales opportunities with U.S. retailers.
- A New Jersey promotional products manufacturer and distributor secured a $350,000 stretch finance facility to strengthen working capital and support its business operations.
- Gateway provided a $350,000 stretch finance term loan facility to a Wisconsin ammunition supplier serving U.S. retailers. The capital allowed the company to fulfill existing customer orders without disrupting operations.
- A U.S. flavored water company supplying retailers received a $350,000 stretch finance facility to fund supplier payments and deposits.
- A Toronto, Canada poultry company supplying Canadian food distributors secured a $250,000 stretch finance facility to provide additional working capital.
- Gateway funded a $250,000 stretch finance facility for a Connecticut precision machining and manufacturing company to strengthen working capital and support ongoing operations.
- A Delaware outsourced customer support and call center company received a $250,000 stretch finance facility to support business operations.
- A Georgia vitamin supplier serving U.S. corporations secured a $175,000 stretch finance facility to free up working capital and provide greater financial flexibility.
- Gateway provided a $160,000 stretch finance facility to an Alaska industrial services company serving U.S. manufacturers to increase working capital and provide additional financial flexibility.
- A Utah dietary supplement company received a $110,000 stretch finance facility to support marketing expenses, payroll and the purchase of supplies.
- A Toronto, Canada agricultural company utilized a $100,000 stretch finance facility to strengthen working capital and support ongoing operations.
- Gateway funded a $100,000 stretch finance facility for a Colorado protein powder company to purchase inventory.
- A New York men’s apparel importer supplying U.S. retailers secured a $100,000 stretch finance facility to fund supplier payments and deposits.
- A Georgia supplier of wood processing equipment serving U.S. manufacturers received a $90,000 stretch finance facility to secure parts needed for its operations.
- Gateway provided a $78,000 stretch finance facility to a New Brunswick, Canada translation services company to improve working capital and support continued growth.
- An Ontario, Canada specialty food and holiday gift basket company secured a $30,000 stretch finance facility to purchase inventory and cover staffing expenses associated with fulfilling more than $500,000 in holiday purchase orders.
- A California children’s oral care products company received a $25,000 stretch finance facility to purchase inventory and fulfill customer orders.
