$1.5M Working Capital Line of Credit Provided to Non-Bankable Business

Online, April 5, 2011 (Newswire.com) - National Tobacco Distributors obtained a $1.5M dollar invoice factoring facility from Gateway Commercial Finance to support new and existing sales. National Tobacco has been in business since 1969 and was unable to successfully renew its existing credit line with a national bank due to 2 years of operating losses. Gateway Commercial Finance was able to quickly structure an invoice factoring program within three weeks of introduction by National Tobacco's banker. "National Tobacco has an excellent customer base and a solid foundation in all aspects of their business. The historical losses were due to loss of a significant customer and after restructuring of expenses, National Tobacco was able to narrow the losses with a projected return to profitability during mid second quarter 2011" said Marc J. Marin, Managing Director of Gateway Commercial Finance.

Gateway Commercial Finance offers timely and accessible funding solutions to a wide variety of industries where traditional financing is unavailable. Gateway Commercial Finance is a small to middle market invoice factoring company providing services to U.S. based businesses with annual revenues less than Thirty Million thru invoice factoring, purchase order and trade finance services. For more information, contact Marc J. Marin, Managing Director at 561-734-2706 or at [email protected].

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