Results 1 to 8 of 8
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06-04-2021, 01:41 PM #1
- Join Date
- Jan 2019
- Posts
- 32
PO Funding / Project Funding
We are looking for financing for a purchase order.
About the merchant:
Product manufacturer working with a large retailer for a long time selling them 7 SKU's with the manufacturers branding on it, Recently this large retailer changed the way they operate and is moving from having outsiders branded products to having everything Private Labeled (their own branding). so due to the change they slowed down ordering for a bit to sell out the stock from the manufacturers branding which in turn made our merchants (the manufacturers) revenue dip. Now the retailer placed an order with their own branding and for 12 SKU's.
The order is 1.5 million dollars
We are looking for $500k
the fulfillment of the order will be in this order with 30 days in between each:
3rd
3rd
6th
6th
Looking for 6 months
the merchant will not be able to make daily payments
like an MCA
SALES 2021
Jan: $597,432.54
Feb: $644,315.92
Mar: $317,615.07
Apr: $429,418.91
May: $382,008.60
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06-04-2021, 01:45 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
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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06-04-2021, 01:52 PM #3
- Join Date
- Jan 2019
- Posts
- 32
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06-04-2021, 01:53 PM #4
I work with a lot of PO providers and usually secure the transaction with AR Finance so you get paid on both sides of the transaction. If you would like to call to discuss the transaction, you can reach me at 770-362-2307 or email jnearing@amerifactors.com
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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06-04-2021, 02:07 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
There's a difference between a factoring company and a good factoring company. Perhaps their current factor is too expensive and not willing to lend on their inventory. Perhaps their current factoring company does not have the ability to do trade finance? I would suggest exploring the most cost efficient routes first before exploring PO funding. Why kill the margin/profits if you can get liquidity in a better manner?
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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06-10-2021, 05:44 PM #6
- Join Date
- Dec 2019
- Posts
- 65
We offer up to 15 months on A paper MCA submissions and 24 months on Term Loan submissions. Feel free to reach out for additional information.
Benjamin Lugassy
SOS Capital
blugassy@soscapital.com
P:212-235-5462
F:212-235-5459
www.soscapital.com
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06-10-2021, 06:47 PM #7
got any real estate????
Metromedia Funding Solutions LLC
55 Monument Circle Suite 745*
Indianapolis Indiana 46204
317-649-0110*
https://www.metromediafunding.com/
Like us on Facebook!https://www.facebook.com/mpmetromedia/
Rick@metromediafunding.com
Your friends in funding.
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06-11-2021, 10:59 PM #8
- Join Date
- Sep 2020
- Posts
- 4
Call Jarrett at Crossroads Financial, they do mainly inventory financing but do PO funding as well
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