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.
HOW CAN PURCHASE ORDER FINANCE HELP?
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 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.
PO FUNDING AND INVOICE FACTORING
The purchase order finance facility is complemented with invoice factoring, which kicks in once you invoice your customer.
For more information, please submit the online form. The affiliate that handles your area will contact you shortly.
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