[Stiina]

I have a client who has $150K+ of POs from a high end national cooking store chain. My client needs the working capital within 2 weeks to begin production. Anyone know a reputable company that finances POs and rapidly pays out?

Thanks in advance

S

[NickHubbard]

Try King Trade Capital

[bdshaw]

I have a client who has $150K+ of POs from a high end national cooking store chain. My client needs the working capital within 2 weeks to begin production. Anyone know a reputable company that finances POs and rapidly pays out?

Thanks in advance

S

This is NOT a purchase order deal and King won't touch it. PO deals involve finished good being shipped directly to a customer. Your describing an inventory deal. The challenge there is that you're asking a lender to not to lend against assets but to led against future performance by the manufacturer.
My opinion is you should look into factoring their accounts receivable which is the only way I can think of to get him the money he needs within the two week period.
You would need to get a factoring application (I can provide one), 2015 Financial statements or taxes, Account receivable aging schedule, accounts payable aging schedule and a customer list.
Thanks, Bob

[VFG]

This more of a production finance scenario. I may be able to structure this deal as from time to time we venture into production finance on deals we understand. Id like to arrange a call to get more specifics and see if this is something we would entertain. Good luck!