Results 1 to 4 of 4
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01-31-2024, 05:51 PM #1
- Join Date
- Jan 2024
- Posts
- 32
Need merchant finance company that does po's advances -purchase orders
i am probably not saying it right but which companies out there do purchase order advances
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01-31-2024, 06:03 PM #2
Reach out...it's not that simple...what is the industry and where are the PO's from?
Construction, manufacturing, government or what?Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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02-01-2024, 05:56 AM #3
- Join Date
- Oct 2022
- Posts
- 295
It is called PO-Financing. I would need to know more about this.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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02-01-2024, 06:19 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Purchase order finance is usually used to assist in fulfilling customer orders for goods. There are a few institutions that offer this service. The financing is usually provided to cover the cost of the goods purchased. The institution will want to be paid for the financing usually when the goods are delivered to the end customer. There are banks that provide trade finance to accomplish this. Most non-banks that provide this service tend to be quite expensive.
Often the financing can be accomplished by financing current assets to assist getting the prospect over the new order hump. Most prospects that have approached me seeking purchase order financing where able to accomplish their goal by financing the current accounts receivables and inventory in a revolving facility. This assisted with the current working capital needs, the purchase orders on the books, and had proper financing in place to assists with working capital to fulfill future orders.
A deeper dive is needed to see if you can accomplish the prospect's goals with the current assets they have or if you will need to seek a trade finance program with a bank or purchase order financing with a non-bank.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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