Companies looking for financing solutions to fuel short-term growth encouraged to book appointments with team of outdoor industry pros
BREA, Calif. – Outdoor industry companies in need of flexible short- term financing solutions are encouraged to stop by the Gateway Trade Funding booth at the Outdoor Retailer Summer Market trade show being held July 26-29 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 once again be in Booth BRL229 at the annual trade show held at the Salt Palace. Gateway offers rapid, customizable financing solutions for growing businesses. Offering an array of financial tools, and specializing in purchase order funding, Gateway helps organizations finalize production and ensure timely delivery to customers.
Headed by Ned Post and Tom Novembrino – an experienced duo with deep roots in the outdoor and banking industries – the 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 assembling purchase order funding programs for small-to-midsized producers and wholesalers struggling to secure 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 may deliver an infusion of cash, but often comes with long-term drawbacks including a loss of entrepreneurial control.
“While already a staple in other markets and industries, purchase order funding is just now establishing itself in the outdoor and adventure sport market,” said Post, former president of Smith Optics. “Ski, outerwear and accessory manufacturers have taken advantage of purchase order funding. It is not a bank loan. Companies we work with are not required to surrender a drop of their equity. We have time at the Outdoor Retailer show to explain how our programs can assist in jumpstarting growth.”
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.
Both will be in Booth #BRL229 throughout the duration of OR.
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, Illinois.