Gateway Provides $1MM Purchase Order Facility to Warehouse Equipment Supplier

Gateway Trade Funding provided a $1 million purchase order facility to a supply chain management company.

The company, which supplies dollar stores with warehouse equipment, exceeded its internal funding capability and needed to seek new outside funding so it would not lose new business opportunities. An industry colleague and current Gateway Trade Funding client suggested the company call Gateway to see if purchase order financing could help. Because of the financing from Gateway, the company captured an additional $1 million in new business, increasing its sales and funding ongoing new business growth.

“The best testament to the hard work and dedication of our team to helping our clients is when a happy client refers another company to us. In this case, it allowed us to help a terrific company turn around their working capital shortfall and grow their business,” Mark Polinsky, principal at Gateway Trade Funding, said.