Gateway Trade Funding Provides $2,500,000 in Stretch Financing to a Home Décor Company
July 16, 2024
Source: Gateway Trade Funding
As a home décor and fragrance company entered its peak season, it needed extra working capital to pay suppliers for the anticipated increase in demand. However, they struggled to find a financing option that could meet the intercreditor requirements of their asset-based lender.
Gateway provided $2,500,000 in stretch financing, meeting the intercreditor requirements of their asset-based lender. This funding allowed the company to settle supplier payments and maintain the necessary inventory for the peak season.
“We are delighted that Gateway Stretch Financing could support this growing company with their working capital needs, particularly when no other company could due to the lender’s intercreditor requirements,” commented Mark Polinsky, Principal, Gateway Trade Funding.
About Gateway Trade Funding
Gateway Trade Funding specializes in providing purchase order financing to support our clients by providing funding to their manufacturers for the cost of pre-sold inventory.
