Looking towards the next seven years Gateway anticipates growing purchases beyond $150 million annually.
Delray Beach, Florida (PRWEB) February 06, 2014
In February, Gateway Commercial Finance, LLC, a nationwide invoice factoring company, will celebrate its seventh year in business. “We were very fortunate to get immediate traction when we started. We maintained and fostered key relationships with referral partners, community banks and alternative lenders which accelerated our launch. Who knew the economy was going to spiral as quickly as it did into a recession in 2008 which affected absolutely everyone,” said Marc J. Marin Managing Director.
Since Gateway’s inception they have provided more than 300 million dollars in credit facilities to more than 152 small businesses across the United States that were unable to obtain financing thru traditional banking channels. “Our services are ideally designed to support small business, where timely and reliable access to funds for payroll, satisfaction of suppliers and new business opportunities is critical,” said Casey Levesque, Relationship Manager at Gateway.
A key factor of Gateway’s success has been its conservative approach to underwriting and pro-active portfolio management. “Our average client retention period is thirty-eight months. A large component of this high client retention rate is our approach to diligent client management and account coverage. Our Relationship Managers are responsible for no more than 15 clients which ensures each client gets the support they deserve and our collateral gets the necessary monitoring that’s required to ensure a stable invoice factoring portfolio,” said Marin.
In 2012 and 2013, Gateway was a recipient of the prestigious INC 500/5000 award which recognizes the fastest growing privately held companies in the United States. “This was an exceptionally special honor to be recognized alongside many notable companies and is directly attributed to our team member’s hard work” said Marin.
In late 2012, Gateway launched Sentinel Portfolio Solutions which provides sub-servicing and back office functions to other factors and lenders. “Sentinel is the first to offer a truly turn-key approach to the factoring and asset based lending industries. Community banks or entrepreneurial lenders that have inexperienced or insufficient staff can be immediately positioned for success in the factoring or receivables financing space via our sub-servicing platform,” said Marin.
Looking towards the next seven years Gateway anticipates growing purchases beyond $150 million annually while maintaining its core philosophy of strong customer service and pro-active collateral monitoring and management. “We’re perfectly positioned to provide accessible and timely working capital solutions to America’s small businesses for the foreseeable future,” said Marin.
For more information contact Marc J. Marin Managing Director at 561-734-2706 or visit http://gatewaycfs.com.