Gateway Trade Funding closed more than $3.4 million in stretch finance facilities for businesses across the United States and Canada during the last 10 days of July. 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,” Mark Polinsky, principal of Gateway Trade Funding, said. “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.