Purcahse Order Financing – A Tool to Finance Your Growing Orders
Do you have more purchase orders than what you can handle? Is lack of financing preventing you from fulfilling those orders? One of the most frustrating things that can happen to a business owner is to turn orders away good orders because you dont have the financial capacity to fulfill them.
Of course, you can try to get a business loan. However, business loans have their limitations as business financing tools. They are hard to get and have arbitrary limits, so they dont grow with your business.
Wouldnt it be great to have a business financing tool that could handle all your supplier payments provided you had purchase orders from good customers? How many orders could you close then?
That tool exists and is called purchase order financing. Purchase order financing is a financing product that is offered by factoring companies. The tools premise is very simple. Once you have a confirmed purchase order, the factoring company finances all supplier payments, usually by letter of credit. Once the order is delivered and paid for, the transaction is settled.
And how much does...
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