Results 1 to 3 of 3
-
07-01-2013, 07:52 PM #1
- Join Date
- Apr 2013
- Posts
- 359
Purchase Order Financing
Can anyone recommend a lender for PO Financing?
My merchant has done the CC's before but wants to get away from that. Looking for something that is quick and simple.
What docs are typically required on these types of deals?
-
07-02-2013, 07:25 AM #2
- Join Date
- Sep 2012
- Posts
- 199
Try Bibby Financial or JD Financial. They will go outside the box and do smaller deals. Most po companies like a min of 25k per transaction but it's always worth kicking a tire. Commissions are small but repetitive. Once a company starts doing it they will doing it over and over. You really don't even have to do much work.
The docs are simple. Usually just an app/information sheet and the invoice itself to get started.
-
07-02-2013, 06:40 PM #3
- Join Date
- Apr 2013
- Posts
- 359
Thanks for the recommendation.
The particular merchant I am dealing with was asked for more docs the first time than he cares to collect on this 2nd time around.
I'm just trying to get a handle on what to expect...