Transaction Size: There are no loan amount limits. The amount is based upon the value of qualifying purchase orders.
Processing Time: Establishing a Purchase Order Financing line usually takes 5 to 10 days.
Purchase Order Financing is a short-term commercial finance option available to those with order(s) from one or more credit worthy clients (invoices paid reliably in 90 days or less). Purchase Order Financing is easy to qualify for and can be completed quicker than traditional bank financing. Most businesses can qualify, provided they have solid customers and experienced management. Purchase Order Financing can be an easy answer to lack of funds to fulfill orders.
Purchase Order Financing allows you to finance up to 100% of your supplier costs. There are no arbitrary limits; it is directly tied to your purchase orders. Purchase Order Financing is an ideal for growth stage wholesalers, distributors and resellers or other companies that sell third-party products. It is also a tool for Letters of Credit for trade finance, including import and export transactions and domestic trade purchases.
Purchase Order Financing is simple. After the account is set up, you can use it to finance not only your current orders, you can also use Purchase Order Financing for subsequent orders.
To qualify for purchase order funding, you must meet these criteria:
The process is very straightforward and works as follows:
Once approved the Purchase Order Financing can be used for future orders