Gateway Commercial Finance Provides $1.25 Million Invoice Factoring Facility to AGV America
Gateway Commercial Finance has provided a $1.25 million invoice factoring facility to AGV America, an autonomous robotics and warehouse automation company based in Texas. The funding is intended to address working-capital gaps caused by extended payment terms of up to 90 days from large customers, including Fortune 500 companies. AGV America has experienced rapid growth since its founding in 2020 as demand for warehouse automation solutions increases among manufacturers and distributors seeking improved efficiency. The company is technology-agnostic and integrates equipment from multiple leading providers across various robotics and logistics technologies. The invoice factoring facility replaces a traditional bank line of credit that did not adequately support the extended payment terms AGV America faces, despite serving high-quality clients. Gateway's solution provides increased liquidity to help maintain cash flow while pursuing larger automation opportunities.
Topics: business growth invoice factoring warehouse automation working capital