We specialize in funding ongoing purchase orders for companies that have a trading history with their suppliers and customers.
A purchase order finance facility (USA only) combined with invoice factoring are essential financial tools that can help companies and exporters not only make their deals possible but also profitable. We service most industries including apparel fashion and textile distribution manufacturing and wholesale companies as well as exporters and importers.
Some suppliers want you to pay cash on delivery while your customer wants to pay you a net of 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 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 agreed fees.
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)
Factoring starts at $200,000 and as high as $35 million
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 funding process with a simple application
Line of credit (No restrictive covenants)
For more information, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.
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