AGV America receives $1.25m invoice-factoring facility
Gateway Commercial Finance provided working capital to support AGV America’s warehouse-automation growth.
Automation systems for moving goods through facilities
AGV America designs and integrates material-handling systems for manufacturers, combining automated guided vehicles, autonomous mobile robots, conveyors, cranes, picking and sorting equipment and collaborative robots. The integrator connects equipment with existing warehouse and enterprise systems and manages installation and commissioning.
The $1.25 million invoice-factoring facility provides working capital for extended customer payment terms as demand for warehouse automation grows. It is a financing facility rather than an equity investment.
Use of funds
Support working capital under extended payment terms and continued warehouse automation demand