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$25,000 – $10,000,000+
1.5% – 3.5%
Less than 30 days
FAQ About Purchase Order Financing
How do you qualify for PO financing?
The application and qualification process is determined by and based solely on the trade and credit history of customers, rather than the credit history of the borrowing small business, as is the case with other types of lending products.
With PO funding, the lender is primarily concerned that the borrower’s customers who are being invoiced are financially healthy, and able to make the invoice payments.
How long does the application process take for purchase order financing?
Fortunately, the application process is not document-intensive, unlike other traditional lending programs. Usually funds can be secured rather quickly with. Once the lender verifies the purchase order and confirms that the customer has a strong credit and trade history, the funds are approved, and the lender forwards payment to the supplier.
How do you use PO financing?
This type of funding is used by a variety of business for an array of different expense types. With PO financing, you are able to maintain business operations as efficiently and productively as possible.
Is collateral required for purchase order financing?
Unlike other types of asset-based lending sources, PO funding uses the outstanding purchase order as collateral to secure the funds.
Instead of using inventory, equipment, or real estate as collateral, you are able to capitalize on your existing purchase orders and obtain the funds you need in order to fill requisitions.
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