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When Med-Express, a small medical transportation company was started in 2004, they knew they were setting themselves up in a competitive market. But after many years of breaking even, the downward economy left them in a place where they had difficulty affording some of the essentials for their company-fuel, supplies, and payroll. When their bank told them they could no longer supply them with the credit line they needed, they looked toward invoice factoring for support. “Med-Express was at the point where we needed capital, and needed it quickly. One of our leading competitors uses invoice factoring, so I decided to find out more about it. My bank had suggested a couple different companies, but after speaking with each of them, I chose Gateway Commercial Finance for their friendly service and prompt response.” stated the owner of Med-Express Myra Thomas.
Marc Marin, Managing Director of Gateway Commercial Finance stated,“Med-Express was a great candidate for invoice factoring services. They had the opportunity to increase their business substantially through more routes and patients, but didn’t quite have the cash flow to get them there. We were able to provide them a credit line as well as a suite of receivables management and cash flow support.”
“When I had heard about invoice factoring, I didn’t realize how many benefits there would be beyond having a reliable source of capital. Gateway’s credit tools really reduced the stress of handling both my finances and managing my company. It really was the perfect tool for allowing the company to move forward.” continued Thomas.
Gateway Commercial Finance (gatewaycfs.com) offers timely and accessible funding solutions to a wide variety of industries where traditional financing is unavailable. Their services allow companies the potential to enhance cash flow, shed credit risk, and seize new sales opportunities.
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