Gateway Trade Funding
Financial ServicesIllinois, United States2-10 Employees
Gateway Trade Funding operates in financial services, providing purchase order financing that helps businesses secure inventory for pre-sold orders without tapping their existing credit lines. The company supports procurement by arranging letters of credit, payments against documents, or wires to manufacturers to cover the cost of pre-sold goods. Before goods ship, Gateway coordinates inspections of finished products anywhere in the world to verify quality. It serves nearly 100 industries and has facilitated more than 1,000 financings totaling about $100 million. Based in Highland Park, Illinois, the firm operates with a relatively small team focused on purchase order financing solutions for businesses needing working capital to fulfill pre-sold orders. A notable development in its history occurred in February 2021 when it announced the closure of several U.S. and regional offices and the shutdown of nine purchase order facilities serving U.S. and Canadian resellers, distributors, suppliers, and importers.