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Gateway Trade Outdoor Introduces Financial Service Solutions to Outdoor Industry

Monday, March 13, 2017 8:09
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Grow Gateway Trade Funding
Grow Gateway Trade Funding
Gateway Trade Group Outdoor logo
Gateway Trade Group Outdoor logo

MILWAUKEE, Wis. -(Ammoland.com)- Gateway Trade Outdoor, a division of Gateway Trade Funding, recently launched a suite of financial service solutions tailored to the needs of the outdoor industry.

By providing the working capital needed for emerging outdoor companies to be successful, Gateway Trade Outdoor is helping the outdoor industry grow one sale at a time.

“We’re providing capital to businesses that might otherwise let good business opportunities slip by,” stated A.J. Krzyzanowski, AVP Trade Finance, Gateway Trade Outdoor. “These credit programs provide funding that supplements the business’s bank line of credit in unique and creative ways.”

The programs offered include purchase order financing, accounts receivable facilities, export financing, inventory financing and machinery and equipment financing, all based on the specific needs and requirements of the business.

“We recognize the seasonality in many outdoor businesses, along with the inventory and stocking challenges, which is why we offer a variety of options to help outdoor businesses maximize their sales opportunities,” added Krzyzanowski.

Purchase order financing provides funding for pre-sold inventory to credit-worthy customers. This unique credit accommodation, also known as trade finance, allows the business to purchase inventory without drawing on the bank line of credit.

It provided an additional source of capital to augment traditional lending. By supplementing conventional debt, it enables companies to significantly increase their borrowing power and take advantage of larger sales opportunities they might not otherwise be able to pursue.

Accounts Receivable (AR) financing provides companies with working capital facilities ranging from $50,000 to $5 million. Gateway will advance 80-85 percent of invoices with same day funding; free of credit and collection issues, allowing the business to focus its energies on expanding sales and day-to-day operations.

Export financing provides outdoor companies that export their products with working capital advances against their international accounts receivable. Depending on the country to which goods are being exported, Gateway can factor the accounts receivable directly.

In order to overcome language barriers, time zone differences and foreign business terms, Gateway partners with an international network of factors that act on behalf of the seller (exporter) in the customers’/account debtors’ country. This two-factor system simplifies the process for the selling exporter and enhances the creditworthiness of international transactions.

Inventory financing is a more traditional line of credit or a short-term loan made so outdoor equipment companies can purchase products for sale. Those products, or inventory, serve as collateral for the loan.

Machinery and equipment financing is specifically designed to help companies improve their manufacturing processes and increase their efficiency, often resulting in a lower cost of manufacturing. Gateway also provides this type of financing to rapidly growing companies need to expand capacity.

Gateway Trade Outdoor offers the outdoor industry the most complete and most flexible finance products available, all designed to meet the specific needs of the company.

The company is also committed to rapid response to all financing needs, providing recommendations and approvals quickly so that growth opportunities can be maximized.

About Gateway Trade Outdoor:

Gateway Trade Outdoor is a financial service company that provides credit programs to meet the needs of small to medium-size businesses that cannot access bank financing or whose banks cannot satisfy their working capital requirements. Whether your company is a recent start-up, a fast growing business outstripping its cash resources, in a turnaround mode or in Chapter 11, Gateway Trade can provide immediate working capital.

More information is available at the company website.

This post Gateway Trade Outdoor Introduces Financial Service Solutions to Outdoor Industry appeared first on AmmoLand.com Shooting Sports News .



Source: http://www.ammoland.com/2017/03/gateway-trade-outdoor-introduces-financial-service-solutions-outdoor-industry/

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