Results 1 to 6 of 6
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08-30-2018, 11:17 AM #1
- Join Date
- Jul 2018
- Location
- Newport Beach, CA
- Posts
- 10
Who does PO Financing?
Does anyone know who does PO financing?
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08-30-2018, 11:24 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,501
RS,
There are some around depending on industry. You might want to consider financing the current assets first: Receivables, Inventory, an M&E. Most PO shops will only finance the cost of products that need to be manufactured and will want to factor out of their deal once goods are shipped to customers and invoiced. This can add to the costs of financing significantly. If you can finance the current assets to get them over the hump, you will be much better off.
KHKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-30-2018, 11:39 AM #3
- Join Date
- Jul 2018
- Location
- Newport Beach, CA
- Posts
- 10
KH,
I agree, however in this case it is coming from overseas, China There is a 30% down and the rest at shipping. Need to cover cost of goods until customer pays, net 30 after delivery.
Thanks,
RS
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08-30-2018, 12:41 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,501
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-30-2018, 02:27 PM #5
- Join Date
- Jul 2018
- Location
- Newport Beach, CA
- Posts
- 10
Good idea, let me see if he has A/R or inventory enough to cover the shipment...
Thanks
RS
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09-01-2018, 12:35 AM #6
- Join Date
- Aug 2018
- Posts
- 19
Hey,
How much in PO are we talking and whats the current monthly revenue? shoot me an email with the details and we can collaborate on how to move forward. bgibbs@fastadvancefunding.com
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