Financing Growth for Entrepreneurs
Financing Growth
for Entrepreneurs
Two Savvy Cyclists:
The owners of a young cycling apparel firm underwent substantial growth in product orders but had limited working capital.
Gateway arranged for a domestic letter of credit for a US-based package apparel supplier. The manufacturer, in turn, assigned a portion of the letter of credit proceeds to its fabric supplier so that when the merchandise was produced and shipped, the letters of credit paid the suppliers. Gateway collected the accounts receivable, repaid the letter of credit amounts and remitted the balance to the client company.
The company has now grown into a recognized force and market leader in cycling apparel.
Referral Application
Gateway Trade Finance can work directly with clients, or through a referral source. To become a referral source, fill out the information below and submit it to Gateway Trade Finance or contact us. A representative will supply you with the application necessary to get the process started along with a company brochure. Required fields are bold.