Funding Continuous Growth With Purchase Order Financing
When you are experiencing a period of high demand for your goods, it can be difficult to make sure you are always ready for new orders, especially when customers seem to be testing the limits of your ability to keep them supplied. That’s when you need a source of financing that lets you dig deep to fund the work, and very few sources of financing work better than the pre-sold merchandise that was just ordered. That’s why so many businesses are using purchase order financing to fund their growth.
How Financing Purchase Orders Works
When you apply for this kind of advance, 1st Industrial Commercial Lending and Consulting associates review your order and your customer’s payment history to calculate a percentage of the total invoice value that can be forwarded as an advance. Then, when payment comes in, our associates subtract the original advance and our service fee before passing the rest on to you.
Benefits of Financing Purchase Orders
- Unlimited financing—we can finance each new order as you need it
- No loss of equity in the business
- Take on larger orders and unexpected orders on short notice
- Manage cash flow easily
- No long term loan overhead
When you are ready to talk about applying for purchase order financing, contact us.