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