Personal Protective Equipment (PPE) P.O. Financing and Funding
Due to the global impact of Covid-19, Personal Protection Equipment (PPE) which partially includes gloves, masks, gowns, and sanitizers is in critical demand worldwide. Governmental agencies, hospitals, and long-term care facilities are receiving priority for these scarce resources.
Gateway Commercial Finance has developed Special PPE Funding Solutions to eligible manufacturers and distributors of Personal Protective Equipment products. These Special Funding Solutions may include Trade Funding, PPE Purchase Order Finance and Receivables Funding or a combination of services to support product/delivery fulfillment.
PPE Financing and PPE Factoring: How Our Program Works
We can support businesses through PPE Letters of Credit, Vendor Guarantees, or wire transfer upon delivery and inspection of goods at a U.S. port of entry (via ocean or air freight). In special circumstances, we may consider providing down payment to well-qualified third-party suppliers.
- PPE Funding from $250K to $5MM;
- New account set-up as fast as 4 business days*;
- Transactional/On-going Fulfilment funding;
*assumes no current lending relationship
How to Qualify for PPE Funding
Eligible candidates must demonstrate the following:
- Experience in medical supply manufacturing/distribution;
- Creditworthy end-buyers;
- History of supply chain management (domestic/international);
- Manufacturers/Suppliers must have appropriate FDA or similar product credentialing which can be verified;
- Third-party inspection required;
Most clients utilizing Special PPE Funding Solutions experience challenges meeting supplier’s payment terms (often substantial deposits or full payment upon shipment/delivery). Our tailored solutions are designed to get the orders into production with timely delivery to end-users.
For additional information or to apply for our PPE Financing Program please call 1-855-424-2955. Our managing director will take care of your needs right away.