What is Purchase Order Finance?
We say yes, so you can say yes.
What is PO Finance?
Simply put, purchase order finance (PO financing) is flexible funding that provides working capital so you can fill your orders and grow your business.
Maybe it’s a unique seasonal order, a government contract, or you need to fill a large initial order with a big-box retailer.
Whatever the need, PO order financing is a great way to increase your working capital for those large and very welcome sales.
How does PO finance work?
First, we can say yes to business opportunities that banks can’t consider because we treat your customer’s purchase order as an asset. Banks only look at accounts receivable and inventory as assets.
Second, our financing covers up to 100% of the cost of goods needed to fill the order along with other direct expenses such as ocean freight, duty, and domestic drayage associated with the transaction.
Third, we make our “yes” decisions within just a few days.
This means deposits get paid to your factory and production begins without delay. Most purchase order finance transactions turn within 30 to 90 days.