Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
Transactions support inventory purchases, supplier deposits, customer orders, working capital needs and MCA consolidation across a diverse range of industries.
Gateway Trade Funding announced the successful closing of more than $3.4 million in Stretch Finance facilities for businesses across the United States and Canada during the last 10 days of July.
The transactions demonstrate the broad range of situations where Stretch Finance can provide fast, flexible capital when traditional financing isn't available, takes too long, or existing facilities simply don't provide enough availability. Businesses used the funding to purchase inventory, pay supplier deposits, fulfill customer orders, improve working capital, and consolidate expensive merchant cash advance (MCA) debt.
“These transactions reinforce what we're seeing every day," said Mark Polinsky, Principal of Gateway Trade Funding. "Businesses across virtually every industry continue to find growth opportunities, but timing remains one of their biggest challenges. Whether a company needs to purchase inventory, fulfill larger customer orders, pay supplier deposits, consolidate expensive merchant cash advances or strengthen working capital, access to capital at the right time can make all the difference. Stretch Finance is designed to bridge that gap, helping businesses keep moving forward while giving our referral partners another flexible solution for clients whose financing needs extend beyond their existing facilities.”
Recent Stretch Finance transactions completed by Gateway Trade Funding included:
A Nevada online wall décor company secured a $500,000 Stretch Finance facility to purchase inventory supporting continued sales growth across its product lines, including canvas prints, original artwork and home décor.
Gateway provided an $850,000 Stretch Finance consolidation facility for an Arizona window and door company. The financing consolidated six existing merchant cash advance positions, significantly reducing the company's overall payment obligations and improving cash flow.
An Ontario, Canada poultry company received a $320,000 Stretch Finance facility to purchase inventory and maintain production capacity.
Gateway funded a $495,000 Stretch Finance facility for an Idaho educational products supplier and online retailer specializing in PreK-12 STEAM products. The financing enabled the company to fulfill existing customer orders.
An Ontario, Canada agriculture company utilized a $220,000 Stretch Finance facility to increase working capital, helping it continue serving customers and meet seasonal demand during its busiest time of year.
Gateway provided a $250,000 Stretch Finance facility to a Nova Scotia, Canada linguistics company, strengthening working capital and supporting ongoing operations.
An Idaho ammunition manufacturer received a $150,000 Stretch Finance facility. The capital allowed the company to fulfill existing customer orders without disrupting operations.
Gateway funded a $145,000 Stretch Finance facility for a Manitoba, Canada producer of rice-based food products to fund supplier deposits required for future production.
A Pennsylvania project management services company serving the construction and contracting industry secured a $125,000 line of credit facility to provide additional working capital.
A British Columbia, Canada apparel company utilized a $120,000 Stretch Finance facility to purchase inventory for upcoming sales opportunities.
Gateway provided a $60,000 Stretch Finance facility to a Virginia off-road vehicle company to strengthen working capital.
An Ontario, Canada gourmet food and kosher gift basket company received a $56,000 Stretch Finance facility to fund supplier deposits ahead of seasonal demand.
A Kansas logistics company secured a $50,000 Stretch Finance facility to improve working capital and support continued growth.
Gateway funded a $50,000 Stretch Finance facility for a Texas fashion accessories company to strengthen working capital and support ongoing operations.
A Texas manufacturer of low-carb, plant-based pasta and rice products received a $50,000 Stretch Finance facility to provide additional working capital and support continued growth.
Stretch Finance is designed to complement existing financing relationships by providing incremental working capital quickly and with minimal disruption. The solution is frequently used alongside factoring, asset-based lending and bank facilities, giving referral partners another resource when clients need additional liquidity without replacing their current lender.
Gateway Trade Funding provides Purchase Order Finance and Stretch Finance solutions to businesses throughout North America, helping companies access the working capital needed to support growth, fulfill customer demand and capitalize on new opportunities.