PURCHASE ORDER FINANCE
Provides the Funding required to assist with purchase orders your solution to completing your next big order with Government or large corporate clients.
Finance up to
Maximum R20 million.
Cost to you
Term dependent 3.5% to 8%.
Application Process
Dependent on Facility Size 4 working days up to 3 weeks.
PURCHASE ORDER FINANCE IN A NUTSHELL
A quick breakdown of the purchase order finance to see if the model works for you.
+ PURCHASE ORDER FINANCE
+ Takes the stress of cash flow versus opportunity by providing the finance for big P.O's upfront.
+ Application success is dependent on the customer who you are supplying and your ability to supply set customer. .
+Works on a fixed per month interest rate.
+ Once a P.O has been successfully funded it is extremely easy to refinance that customer's future Purchase orders
+ Once your facility is approved it is extremely easy to fund your purchase orders.
- PURCHASE ORDER FINANCE
- Big purchase order facilities can take weeks to process. .
- Some purchase order finance companies require a clearing account to be opened in the business's name to ensure the loan repayment is made.
- The smaller the customer you supply or provide a service to, the more difficult getting approval for a purchase order facility.
A purchase order or P.O facility is designed for the SME who services big corporates/government departments where a purchase order is issued. The facility allows you to fund up to 80% of the purchase order value upfront, to ensure the growth of your business by allowing you to take on more orders without affecting your cash flow. .