Purchase order financing is a funding option for businesses that need cash to fill single or multiple customer orders. With many businesses cash flow problems exist. There will be times where there is simply not enough money available to cover the costs of doing business.
As a result, there may be an order from a client that isn’t able to be fulfilled due to a lack of cash. A company may not be able to afford the supplies necessary to meet the client’s particular needs.
Purchase order financing is an effective means to procure cash which is advanced against a purchase order for Finished or Non-Finished Goods to finance its manufacturing. This provides the means to fulfill your commitment to your customer and preserve your standing as a trusted business operator. To take advantage of purchase order financing, you must secure the proof of delivery and acceptance of goods, and invoice your financier for the goods at an agreed discount. Then, the lender invoices your buyer for the full amount and collects the payment according to your agreed terms. After the payment has been received, the balance is paid (less applicable administration fees and the cost of money used.) Non-Finished Goods are different in that they involve the seller taking possession, in an unfinished state.
We can help you fund your orders through Purchase order finance. Purchase order finance or PO finance programs pay your suppliers for goods that you have open purchase orders for.
PO finance can work in tandem with receivable financing and allows you to pay your suppliers without depleting your cash reserves.
There are many benefits to using PO finance:
All you need is a PO from a credit worthy commercial or government client to get started.
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Nork Capital Trading Llc
2550 NW 72nd ave STE 113
Miami, Florida 33122
FAX: (305) 434-8329
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