News
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PRESS RELEASE
Financing Your Business
This press release delves into the distinctions between Recourse and Non-Recourse Factoring for business owners who use invoice factoring to improve cash flow and seek protection in case a customer fails to pay. It discusses the types of recourse, their implications on funding availability, credit limits, costs, and accounting considerations, emphasizing the strategic decision-making process. The press release highlights the growing popularity of invoice factoring in 2024 and recommends considering Non-Recourse for added protection amid predictions of increased business bankruptcies. Gateway Commercial Finance, LLC offers both Recourse and Non-Recourse factoring services to U.S. businesses. -
PRESS RELEASE
Gateway Commercial Finance, LLC, an Invoice Factoring Company, Extends an $800K Debtor in Possession (DIP) Invoice Factoring Facility
Gateway Commercial Finance, LLC recently assisted a long-standing Midwest Distributor with an $800K Debtor in Possession (DIP) factoring arrangement, providing essential day-to-day working capital. The distributor, facing revenue drop due to Covid-19 and high-interest loans, filed for Chapter 11 Bankruptcy and partnered with Gateway to secure the facility, leading to financial stability within 19 days. For further details, contact Managing Director Marc J. Marin at 561-424-2940 or marc.marin@gatewaycfs.com. -
