What is Purchase Order Financing?
With purchase order financing, the factoring company issues a cash advance for goods that have been ordered, but not yet delivered. The funding obtained can be used to cover supplies and other costs associated with manufacturing, shipping, etc.
Accept Large Orders & Grow Your Business with PO Financing
You don’t have to turn down new opportunities. If cash flow problems are crushing your ability to take on larger contracts, purchase order financing (also known as purchase order factoring) can help. Get the funds you need to fill customer orders when cash gets tight.
Is Purchase Order Financing Right for Your Business?
- Are your sales growing so fast that your current funding is inadequate?
- Does your business struggle with reduced capital during busy times?
- Is your available capital earmarked to fund other ares of your business?
How Does Purchase Order Financing Work?
Purchase order financing is simple. Your company supplies written purchase orders for specific items ordered by customers and the factoring company will authorize funding on up to 100 percent of the transactions. Purchase order financing transforms your purchase orders into cash receivables.
Will My Company Qualify for PO Financing?
We have been instrumental in helping multiple industries finance their purchase orders, including government contracts, wholesale distributors, industrial, manufacturing, importers, exporters, drop ship orders, and direct ship orders. However, we do have a few guidelines for eligibility:
Minimum gross profit for transactions must be at least 20%
Having worked with and conducted similar business with comparable clients
First transaction of no less than $100,000
You must provide qualified purchase orders or letters of credit
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Purchase Order Financing Can Help Your Business Thrive
We have been instrumental in helping multiple industries finance their purchase orders, including government contracts, wholesale distributors, industrial, manufacturing, importers, exporters, drop ship orders, and direct ship orders.
Purchase order financing can open up new avenues to allow your business to thrive. Factor Finders has helped companies finance the following with qualified purchase orders:
- Letters of Guarantee
- Capital equipment
- Letters of Credit
- Project-specific labor
- Raw Materials
- Direct Manufacturing
- Finished Goods
The Factor Finders Difference
We have decades of experience with purchase order factoring. We’ve spent years cultivating relationships with factoring companies that specialize in PO financing. Helping small businesses grow is our goal and greatest reward. We work with each business by getting to know essential elements of your business, as well as what you’re looking for before matching you with a reputable factoring company within our worldwide network.