Invoice factoring facility · Robotics
AGV America receives $1.25m invoice-factoring facility from Gateway
Gateway Commercial Finance’s facility replaces a restrictive bank credit line and supports AGV America’s working capital during long customer payment cycles.
Financing and company context
The September 21 announcement concerns a $1.25 million invoice-factoring facility. Gateway said AGV America’s previous local-bank line provided limited availability against customer invoices with payment terms of up to 90 days.
The new arrangement makes funding available against eligible receivables, addressing the gap between delivering automation projects and collecting payment. It is intended to stabilize day-to-day cash flow as the integrator pursues larger customer opportunities.
Use of funds
Support working capital under extended payment terms and continued warehouse automation demand
Funding history
Invoice factoring facility · This round$1.3M