Purchase Order Financing
Purchase order financing and receivables factoring. Purchase order financing and accounts receivable factoring help companies fulfill their purchase orders even if they are low on cash. PO funding is available to companies when they have an established relationship with their supplier and customer. We cover most industries including apparel and fashion manufacturing distribution and wholesale.
In most cases suppliers want their payment upfront while your customer wants to pay you net 30 to 60 days. Our purchase order financing facility is ideal to make your deals work and complemented with a factoring facility to assured continued cash flow.
If additional funding is needed to finance one or several transactions with creditworthy customers, then our receivable funding option is a good solution.
How does it work? First, you deliver the goods to your customer, obtain proof of delivery and acceptance of the goods. Then, you invoice us for the goods at an agreed discount and we advance you up to 85% of the value of your invoice. We invoice your buyer for the full amount and collect payment according to your agreed terms. We pay you the balance less our administration fees and cost of money used, once payment has been received.