P.O. FINANCING
An advance collateralized by your business’ purchase orders
We provide working business capital based on your business' projected future sales. Businesses in high-risk industries, with financial problems or bad credit can be approved without any collateral.
There is no commitment or impact on your credit by applying.
1.
How funding works:
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Purchase orders are documents sent from a merchant to a provider with a request for an order
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A business sells its purchase orders to a third party to obtain the funds necessary to satisfy the order
2.
Rates are based on:
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The security of the order
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The length of the funding
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Your credit
3.
Ask Yourself:
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Do you have any unfulfilled purchase orders?
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Are you currently receiving purchase order financing?
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Are you unable to make an initial payment for the order?
4.
Required documents:
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A list of unfulfilled purchase orders
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Financial statements
5.
Good to know:
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Purchase order financing is NOT a loan and therefore, you are not incurring any debt
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The application required to establish a purchase order relationship is much simpler than other types of financing
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With purchase order financing you can ONLY use the funds to assist with satisfying the order
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Purchase order financing can support a single transaction and/or grow with your company’s funding requirements
There is no commitment or impact on your credit by applying.
