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Purchase order financing for manufacturing companies and most types of manufacturers. Our purchase order finance service is available to manufacturers that have a trading history with their suppliers and customers.  A purchase order finance facility combined with invoice factoring are essential financial tools that can help manufacturing companies make their deals possible and profitable. 

Some suppliers want you to pay cash on delivery while your customer wants to pay you net 30 to 90 days. Meanwhile, labor, packaging and shipping costs all have to be met. You have a confirmed order from a creditworthy customer but lack the cash to fulfill it. We can advance up to 80% of the confirmed purchase cost to your supplier. We either pay your supplier or open a letter of credit. You deliver the goods and we invoice your customer. 

We collect the invoice payment from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fees and cost of money used, once payment has been received.

The purchase order finance facility is complemented with invoice factoring, which kicks in once you invoice your customer.

FEATURES OF THE FACTORING FACILITY INCLUDE

• Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
• Line of credit option (no restrictive convenants)
• Hassle-free application to funding process
• Facilities tailored to fit the funding requirements of our client
• Very competitive rates and flexible terms
• Complete access to your account via our secured online portal
• Perform free credit checks on new customers 24/7
• Invoicing and collection services included
• Funding for well-seasoned manufacturers and startups
• Straightforward and simple application to funding process
• Plus other benefits

RECEIVABLES LINE OF CREDIT (No restrictive covenants)

Our receivables line of credit option is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

• No audit requirements
• No restrictive financial requirements
• No restrictive covenants
• No financial ratio requirements
• No concentration restrictions
• No long application to funding process
• Plus other benefits

For more information, please submit the online form. The affiliate that handles your area will contact you shortly.

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