factoring services nationwide

Purchase Order Financing

Funding for your ongoing purchase orders. Corporate Factoring Group understands PO Funding, servicing several industries that include apparel, fashion and textile, distribution, manufacturing and wholesale exporters and importers. Some suppliers want you to pay cash on delivery while your customer wants to pay you net 30 to 60 days. Meanwhile, labor, packaging and shipping costs all have to be met. Our purchase order finance service exists to make your deals not only possible, but profitable.

You have a confirmed order from a creditworthy customer but lack the cash to fulfill it.  We can advance up to 80% of the confirmed purchase cost to your supplier. We either pay your supplier or open a letter of credit. You deliver the goods and we invoice your customer. We collect the invoice payment from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fees and cost of money used, once payment has been received.

1 (800) 317-4933 quick quote

Complement an AR Facility

 

This purchase order finance facility can complement an accounts receivable funding facility. You want additional funding to finance single or multiple transactions with creditworthy customers.

Then our Receivables Funding Facility is the best solution. You deliver the goods to your customer obtaining proof of delivery and acceptance of the goods. You invoice us for the goods at an agreed discount and we advance you up to 85% of the value of your invoice. We invoice your buyer for the full amount and collect payment according to your agreed terms. We pay you the balance less our administration fees and cost of money used, once payment has been received.

What Next?

If you would like to speak with one of our Purchase Order Finance specialists simply complete our Short Form or call us at 1 (800) 317-4933 for more information.

1 (800) 317-4933 quick quote