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Purchase Order Funding
Purchase Order Funding provides funding for businesses. Payments made to the sellers of the production materials, inventories, or any other item prior to sales usually fall into a purchase order list. This is the cost bore by the businesses before they start making profits on their sales. Small businesses are often unable to fund significant amounts on their own. Purchase Order Funding or PO finance is a financial solution crafted for this purpose specifically.
This is a quick way of acquiring finance for small to medium businesses to pay their purchase orders.
Who Can Apply for Purchase Order Funding?
Small businesses looking for quick funding are the best suited for PO Finance. However, only specific types of companies can apply for this type of financing.
- It is for product resellers or businesses that use a single third-party manufacturing supplier
- If your profit margins exceed 20%
- Have at least $100,000 in monthly sales
- If you work with commercial customers with good credit
Benefits of PO Finance
PO finance has many benefits for short-term funding. Your Finance Partner can help you reap all these benefits without any hassle.
- It is fast funding set up with quick processing and approval times if applied correctly
- Accept larger orders than what you can afford when paying at once
- Frees up your cash for other operational costs
- Fund only what you need by submitting POs of your choice only.
- Short-term funds with flexible payment options
Companies that manufacture goods directly cannot use PO finance. Our financial advisors can show you other financial solutions matching your business needs.
How to Apply?
Applying for purchase order financing is a simple 3-step process:
- Simply fill out a form to contact our consultants.
- They will contact you to retrieve essential business information.
- We connect you to suitable lenders with the lowest premiums and guide you through the process.
Ready to Grow Your Business?
Take the first step towards securing the financing you need with Your Finance Partners.Apply Now
Our team is here to help you with any inquiries.