Purchase order financing is a great tool for small businesses. This type of financing allows small and medium size businesses to produce or acquire goods for resale regardless of how big the purchase order from their customer is. With this in mind a company that has limited resources can grow quickly.
What do I need to qualify for purchase order financing?
To qualify for purchase order financing you need a credit worthy end customer, and a reliable source of product or supply. If those two items are available to you, then you can probably qualify for purchase order financing.
What is purchase order financing?
Purchase order financing is a type of short-term business loan that helps cover the cost of large purchase orders from customers. With this type of funding, you can get the money you need to manufacture products, before receiving payment from your customers. This can help you grow your business and take on new opportunities.