What is Purchase Order Financing?
Purchase Order Financing (PO Financing) helps your business quickly obtain the necessary additional capital when you receive an unusually large or seasonal order from a customer. With such a quick financing option you can easily purchase extra inventory or materials and pay for the labor to manufacture or supply the product. The purchase order from your customer will act as security for the funding.
How does Purchase Order Financing work?
Purchase Order Financing benefits
Great option for new companies and start-ups
You don't need to have years of excellent credit history. We look at credit worthiness of your clients and their ability to pay for the order.
Cover your supplies in full
Purchase Order Financing can cover your supply costs in full if the gross margin on the orders is big enough. That means you do not need to look for extra financing to complete the order.
No order is too big
The size of the funding depends on your purchase order. The bigger the order, the more money you get.
You can fund your first order in just a few weeks after completing an application. Subsequent orders can be funded even faster, making PO Financing a perfect solution when money is needed quickly.