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  1. #1
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    500K Purchase order

    Hello Df community!

    I have a client that manufactures auto parts and has a 500K purchase order from the air force.

    His business just started 6 months ago so they're may be some challenges.

  2. #2
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    Quote Originally Posted by Mynameisbob View Post
    Hello Df community!

    I have a client that manufactures auto parts and has a 500K purchase order from the air force.

    His business just started 6 months ago so they're may be some challenges.
    Any outstanding receivables?
    Hedley Lamarr......That's Hedley

  3. #3
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    Very minimal right now... He just started the company, but the contracts are starting to roll in

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    Quote Originally Posted by Mynameisbob View Post
    Very minimal right now... He just started the company, but the contracts are starting to roll in
    Bob,

    If he has a little more than 100K outstanding we might be able to help. The idea is to finance the current AR to turn cash faster to get working on the new purchase orders...... You may want to consider factoring the current AR and see if that gets them over the hump with the new orders. PO financing can be expensive and the finance company will likely want them to factor them out of their deal once goods are shipped. Keep in mind...most PO finance companies will only advance the cost of the goods in the order not the entire order...
    Hedley Lamarr......That's Hedley

  5. #5
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    As of today his AR is at 60K

  6. #6
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    Give me a call. I will put you in touch with a smaller factor who's line is with us....
    Last edited by Hedley Lamarr; 05-31-2018 at 03:14 PM.
    Hedley Lamarr......That's Hedley

  7. #7
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    Quote Originally Posted by kevinhenry0527 View Post
    Give me a call. I will put you in touch with a smaller factor who's line is with us....
    THIS. Is the way to do business!

  8. #8
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    Quote Originally Posted by HDF View Post
    THIS. Is the way to do business!
    Thanks. Many don't know because we don't market the product that much..... We provide line to other factoring companies. The one I am think of for this deal has their line with us and the CEO is a good friend. His capital is my capital. For us the smaller deals don't make sense.

    KH
    Hedley Lamarr......That's Hedley

  9. #9
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    Quote Originally Posted by Mynameisbob View Post
    Very minimal right now... He just started the company, but the contracts are starting to roll in
    Yes, this may be a great fit for us: Call Steve Safirstein ssafirstein@breakoutfinance.com

    Could be a fantastic fit for our FactorAdvantage program that requires no minimum TIB or no minimum FICO, but requires purchase orders and/or invoices. We DO NOT FACTOR -- a term loan, weekly or monthly pay. You are looking at effectively 1% to 2% per month in monthly term loan interest.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  10. #10
    Hi,
    I can help with this

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