Purchase Order Financing is for businesses needing additional working capital to help start or grow a business. These funds are used for material purchases required to complete the PO's a business has received.

 

Program Details:

Loan Amount: $100,000 +

Fees: 3% of 30 days and 1% for ten days increments after that. If a line of credit is issued these costs are passed on, which is generally 75 basis points.

Other: Payments are made directly to the supplier by the line of credit supplier. Payment is the lower actual cost or 65% to 75% of the customers' purchase order.

 

Program Benefits:

• It provides an immediate working capital solution for businesses within a matter of days.

• It can enhance a business's cash flow by up to 100% of the costs to fulfill orders and contacts.

• It helps businesses build credit and terms with suppliers.