Gateway Commercial Finance Provides $1.25 Million Invoice Factoring Facility to Florida-Based Bakery
Gateway Commercial Finance has provided a $1.25 million invoice factoring facility to support the growth and post-acquisition transition of a Tampa-based commercial bakery with a nationwide customer base, including major retailers and online channels. The bakery specializes in gluten-free breads and related products and was recently acquired by a portfolio company focused on acquiring and turning around distressed food industry businesses. The new ownership plans to strengthen operations and eventually consolidate parts of the business into its existing Northeast operations. Gateway's facility will provide immediate liquidity against eligible accounts receivable, enabling the bakery to support production, fulfill orders, manage expenses, and execute transition strategies. Marc J. Marin, Managing Director at Gateway Commercial Finance, emphasized how invoice factoring can offer critical liquidity during acquisitions or operational transitions.
