Purchase Order Financing
Purchase Order Financing
You’ve just received a massive order from one of your customers. This order will propel you a long way toward growing your business, boosting your reputation, and strengthening your relationship with your customer.
But as it turns out… You cannot afford to complete the order. At the same time, you absolutely cannot afford to turn it down. Losing this sale would hurt your bottom line in the short run, but it would also damage your business reputation and cost you deals with other clients in the long run.
In this situation, you may be hard-pressed to find a solution. Luckily, purchase order financing is a quick, convenient option.
Purchase order financing can help you get the capital you need to expand your business. Invoice factoring only allows you to get the funds you need after you generate an invoice—but PO financing allows you to fund a purchase for a client before you bill them.
Do you need to fill one or more orders for your clients? This funding option could be the best choice for you.