[Priority Funding]

I have a client that need funding for his Purchase Orders. He has two loans out already with OnDeck and NBC Financial. His balances far exceed his sales[23K December and 10K January]. Those are typically slow months for him, and he has seen a great decline in sales from a year ago when he used to do about 60-75K per month.

Anyone out there that wants to take a shot at financing the 200K in purchase orders that he has coming up? We simply don't have the program for it.

Thanks!

[RichardGerard]

As I'm sure a few folks here will want to know: what are his receivables? If a lender can combine the PO's with receivables and take a first position there are programs..

[omegafund]

Does merchant have a 3rd party produce and ship goods from overseas or do he manufacturer in house? Does he ship direct to client or from 3rd party.

We have done PO financing might be a chance..

I have a client that need funding for his Purchase Orders. He has two loans out already with OnDeck and NBC Financial. His balances far exceed his sales[23K December and 10K January]. Those are typically slow months for him, and he has seen a great decline in sales from a year ago when he used to do about 60-75K per month.

Anyone out there that wants to take a shot at financing the 200K in purchase orders that he has coming up? We simply don't have the program for it.

Thanks!

[VFG]

Most PO lenders would want to take out any cash advances before funding any POs. If the client has open receivables from creditworthy customers and depending on the industry and PO cycle I may be able to assist.

Good luck!