Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3MM

Gateway Trade Funding completed 13 stretch finance transactions totaling more than $3 million. Money will be used to help companies with working capital, inventory, supplier deposits before shipping and work in process transactions.

·       A $750,000 facility to a US promotional company to fund the acquisition of another business.

·       A $750,000 facility for working capital and inventory for a US eCommerce apparel company.

·       A $60,000 facility for a US manufacturer of vitamins and other supplements to fund working capital.

·       A $200,000 facility for a US importer of cell phone accessories and electronics to fund working capital and inventory.

·       A $250,000 facility for a US importer of footwear selling to US retailers to fund inventory.

·       A $70,000 facility for a US staffing company to fund working capital.

·       A $40,000 facility for a US provider of virtual tutoring services to fund working capital.

·       A $50,000 facility for a Canadian importer of LED lighting to fund inventory.

·       A $150,000 facility for a US importer of apparel products to pay off an existing lender, which allowed a new factor to fund against the receivables.

·       A $60,000 facility for a US heating and air conditioning company to fund working capital.

·       A $50,000 facility for a Canadian provider of aluminum structures for the entertainment industry to fund inventory.

·       A $350,000 facility for a Canadian developer of apps to fund working capital.

·       A $80,000 facility for a Canadian manufacturer of store shelves to fund raw material purchases and working capital.