Many businesses turn to international sales to increase their bottom line, diversify against concentration within a single economy, and strengthen their brands globally. The allure of selling internationally has greatly increased with improvements in communication, technology, and financing options like International Purchase Order Funding.
In today’s cash-strapped economy it can be hard for businesses to compete in international markets—especially considering the working capital necessary to do so. Access to affordable funding options like international purchase order funding makes global trade possible for small and medium sized businesses.
Why turn to STAR Funding for International Purchase Order Funding?
When it comes to obtaining funding for international purchase orders, you want a financing partner with domain expertise. STAR Funding has been working with international customers for more than 15 years, ensuring transactions happen in a smooth and timely manner. Our knowledgeable team truly understands not just the financing process—but the cultural and logistical implications of buying and selling internationally.
Unlike other purchase order funding organizations, the team at STAR Funding works with those looking to expand into international markets. So whether it’s China Purchase Order Financing, manufacturing in Canada or buying inventory from the UK—our International Purchase Order Funding program is designed specifically to help your business continue to grow without having to worry about turning to high interest rate business loans.
At STAR Funding, we provide you with:
- International domain expertise, including manufacturing, logistics and trade knowledge
- Quick decisions with minimal red tape, helping you avoid missing deadlines or shipments
- Trade credit insurance to protect against the credit of your international customers
- The ability to expand your business and fill larger purchase orders
- Funding for international purchase orders from $100k-$10,000,000
Finished Goods Financing
Funding a PO for finished goods is the most common type of purchase order financing. Less risky, it involves the purchase of goods for resale that don’t require any assembly or customization prior to reselling.
Finished Goods Financing is highly preferable to typical short-term loans, as it typically comes with a much more favorable interest rate and turnaround time. This is our most popular type of funding for our manufacturing clients.
Work in Process (WIP) Financing
PO Funding for WIP involves purchasing components or raw materials that must be assembled prior to selling to the end customer. Much more complex than finished goods financing, the risk is much higher. Additionally, the standard costs of work in process PO funding is greater.
However, work in process may not require 100% funding of raw materials, so the costs associated to the invoice may be significantly less than funding 100% of the finished product cost.
Get Started Today
Applying for International Purchase Order Funding is simple. Contact us for more information and receive an answer within minutes. Whether you’re looking to expand into international markets now—or perhaps in the future—it’s never too early to have a finance plan in place.
Expand Your Knowledge
Want to learn more about Trade Financing options? Check out our resources below: