Times are tough and money's tight. Banks are still virtually "shut down". But there is a way for businesses to get money, and grow. Purchase order financing is not difficult to obtain, even in difficult economic conditions, because it is based on the promise of a sale. The problem it solves is …
Purchase Order Financing Can Ignite Rapid Fire Growth
Would getting a huge order from an important customer be the best thing that could happen to your business, or the worst? Turning it down for lack of adequate financial resources not only loses the order, but could lose you the customer for good. Fortunately, there's a way to overcome that lack of …
Kick Start Your Business With PO Financing
As a business owner, the worst feeling is turning down a big order. I put together a couple of scenarios to illustrate how you could avoid that in the future. Scenario One: A new, start-up business gets its first big order. Thoughts of profits, new supplies and equipment, and future expansion …
Open More Doors – PO Financing & Letters of Credit
Every entrepreneurial business opportunity has financial barriers. The bigger the sale, the bigger the upfront capital required. Let's say one comes along that's larger than any you've ever received before. Your business is small and/or new, and the banks won't give you the funding you need, nor …
What is Purchase Order Financing
Purchase order financing is a short-term commercial finance option that provides capital to pay suppliers upfront for verified purchase orders. Businesses avoid depleting cash reserves or declining an order because of cash flow challenges. It allows companies to accept unusually large orders and …
Purchase Order Financing Basics
All businesses should understand the basics of purchase order financing, its potential benefits and pitfalls, and who might use it. Simply put, it's a way to purchase finished goods or raw materials that will be turned into products that are resold and shipped, usually within a relatively short time …