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Gateway Trade Funding will be at ORSM 16, helping companies explore options on short-term financing. Stop by BRL229 for details.Gateway outlines financing options at Outdoor Retailer
Companies looking to grow are encouraged to visit Booth BRL229
Brea, CA – Outdoor industry companies looking to explore short-term financing solutions are encouraged to stop by the Gateway Trade Funding booth at the Outdoor Retailer Summer Market trade show being held Aug. 3-6 in Salt Lake City and learn more about available, affordable options.
Gateway Trade Funding, a trusted financial partner with deep roots in ski, outdoor and action sport markets will be in Booth BRL229 at the annual trade show held at the Salt Palace. Gateway provides rapid, customizable financing solutions for growing businesses. Offering an array of financial tools, including Purchase Order Funding, Gateway helps organizations finalize production and ensure timely delivery to customers.
Headed by Ned Post and Tom Novembrino – an experienced duo from the outdoor and banking industries – Gateway Trade Funding outdoor team has a goal to assist rising brands that have the opportunity to grow within their grasp but don’t want to surrender their hard-earned equity.
Gateway specializes in crafting purchase order funding programs for small-to-midsized producers and wholesalers that struggle with securing money to keep the company growing in that period between closing a preseason order and delivering the products to the retailer. Many companies in that position simply sell off an ownership stake – a fix that delivers a quick infusion of cash, but often comes with long-term drawbacks that include a loss of entrepreneurial control.
“While popular in other markets and industries, purchase order funding is just now an emerging trend in the outdoor market,” said Post, former CEO of Smith Optics. “There are some major advantages to PO Funding. It is not a bank loan and the companies we work with are not required to surrender a drop of their equity. We relish the opportunity to explain this option to potential partners in the outdoor industry.”
Unlike other finance companies, Gateway is extremely flexible in its approach. With Gateway, there are no minimum fee requirements, no minimum deal size and no minimum time commitment. Additionally, Gateway expertly customizes funding programs for each individual client.
Gateway Trade Funding is one of the largest providers of Purchase Order/Trade Finance in the United States and Canada. Gateway’s staff has decades of experience in both privately held entrepreneurial business and the many facets of commercial finance: lending, underwriting and the structuring of complex international transactions. Gateway’s outdoor effort is supported by a 15-person staff in Highland Park, IL.