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03-17-2016, 03:55 AM #6
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Invoice/ P.O. Factoring $250,000
This may be along the lines of PACA (Produce and Agriculture Commodities Act). If it is, there's only a handful of lenders who will finance this transaction as many factors try to stay away from this treaty as it requires a specific agreement. I would be interested in knowing:
1. Does the client have experience trading in this industry?
2. What are the gross margins of the transaction?
3. Is this a one-off transaction or is the client looking at consistent sales throughout the year?
Provided we understand their PO cycle and is within our criteria and the debtor is credit insured, we have no problem venturing in these type of transaction as we fund PACA deals/companies in the agricultural industry.
Feel free to DM me if you need any assistance structuring this PO finance deal. We will also need to factor the accounts receivable if we fund their PO just so you know.
Good luck!
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