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09-25-2014, 02:10 PM #1
Purchase Order Financing
Have a client who has been in business for roughly a year, and is currently in the midst of purchasing a refrigerated warehouse for the manufacture of his product (ethnic foods). He has contracts with 4 vendors with whom he will be supplying each month at 1 unit per vendor per month at 56k. The total monthly gross from these contracts would be 224k. He needs someone who can do purchase order financing in order to allocate some monies for purchase of said warehouse. Any one know of a company that specializes in invoice factoring, purchase order or spot purchase financing? Thank you. Kind Regards. Jeffrey.
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09-25-2014, 03:27 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 733
We have done PO financing in the past, but in our cases the business needs to have a 3rd party manufacturer and the vendor that accepts letters of credit. And the lender will not finance a PO to purchase a building. They will only finance POs to fulfill orders.
Depends on the credit and location he may have some other feasible options
bzuniga@omegafund.com
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