Accept Orders With Ease—Learn to Use Purchase Order Financing
The hardest part of growing any business is balancing the necessity of managing your resources with the opportunity to take on larger challenges that offer greater profits than you have ever seen before. Finding a way to walk that line without having to turn down large and unexpected orders means learning advanced methods for cash flow management that let you access the funding you need, whenever you need it. That’s where purchase order financing comes in.
Factoring Based on Purchase Orders
When you use this method of financing, it’s similar to accounts receivable financing, only instead of getting an advance against money you are owed, you get one against the money you will be owed upon the delivery of your goods. That way, you can use the funds to get supplies and cover labor costs, allowing you to move forward with the project without dipping into your own cash reserves.
Benefits of Financing With Purchase Orders
- Never turn down a customer’s order again
- No loss of equity or addition of long-term debt to your company
- Fast decisions and cash distribution
- Reusable—finance new orders as they come in
- Streamline your operation and focus on serving your customers
For more information or to start an application, contact us today