We have a purchase order funding option that is designed to help manufacturers distributors and wholesalers cover costs and expenses when their suppliers require cash on delivery while their customers are requesting credit terms of 30 to 90 days. Meanwhile, labor, packaging, and shipping costs all have to be met.
Our PO funding group specializes in funding ongoing purchase orders for clients who have a trading history with their suppliers and customers. Purchase order finance combines invoice factoring and credit insurance that can help companies and exporters not only make their deals possible but also profitable.
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.
Complement an AR Facility
This purchase order finance facility can complement an accounts receivable funding facility. You want additional funding to finance single or multiple transactions with creditworthy customers.
Then our receivables funding facility is the best solution. You deliver the goods to your customer obtaining proof of delivery and acceptance of the goods. You invoice for the goods and we advance you up to 90% 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.
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