Purchase Order Financing In Canada : Made To Measure Trade Finance Solutions For PO & Contract Funding

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Unveiling the Power of Purchase Order Financing in Trade Finance

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Oakville, Ontario
L6J 7J8

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Email = sprokop@7parkavenuefinancial.com

 

Mastering Purchase Order Financing in Trade Finance | 7 Park Avenue Financial

 

 

Step into the world of Purchase Order Financing because it offers transformative solutions for businesses facing traditional financing barrier

 

The Game-Changer in Trade Finance: Purchase Order Financing Explained

 

 

The Challenge Of Growth & Business Financing

Purchase order financing in Canada solves a bad business nightmare. What nightmare? You got the PO / Contract! Now what? We're discussing trade finance solutions in your supply chain process- so let's dig in.

Understanding Purchase Order Financing

Purchase order financing is a great tool for firms that have an unusual purchase order and contract sales financing needs but are potentially unable to access traditional financing via banks or their own capital resources within their firm. In many cases, firms are smaller, or sometimes early stage - in some cases it's just too much success via that large order/contract!

How Does Purchase Order Financing Work?

So how does it work? And does your firm qualify? Other client questions include:

Great questions, now let's explore some answers!

Which Firms Benefit Most?

Typically Canadian firms looking for this type of financing are distributors, manufacturers, or perhaps wholesalers. A variety of industries in Canada have access to this type of financing, but those certainly tend to be the typical firms needing assistance from a purchase order financing company.

The Classic Working Capital Gap

Your need for purchase order financing arises out of what we call the classic working capital gap. What do we mean by that? It's a case of your suppliers requiring payment either upfront or within 30 days, with your firm unable to generate those funds for payment and therefore unable to fill large purchase orders and contracts in your favour. That's the classic working capital conundrum.

Meeting Traditional Finance Requirements

The obvious solution for low-cost large amounts of funds are Canadian chartered banks, but our observation is that many firms simply can’t satisfy the banks' requirements for this type of financing to occur. If your firm is growing, profitable, has a clean balance sheet and strong historical cash flows and history you of course have a solid chance of meeting bank requirements. But, as we said many firms can't satisfy all those requirements of traditional finance.

Key Aspects of Purchase Order Financing

Application Process

When you access PO financing you can have the comfort that your suppliers will be paid, and at the same time you generally have access to all the funds you need. Typical purchase order financing applications take anywhere from 2-4 weeks to complete and involve basic financial due diligence on your firm's ability to fulfill the order, who your customer is (they must be creditworthy), and your proper supplier sources must be identified and vetted.

Who Qualifies?

So, who exactly qualified for this type of financing? Naturally, your company must be in possession of a contract or order that is not cancelable by your client. The PO finance firm arranges to pay your suppliers directly via a cash advance, which alleviates all your cash flow and working capital concerns.

Cost Considerations - Purchase order financing cost

Let's cover a couple of tips and secrets around the cost of purchase order financing - It generally is in the 2-3% per month range in Canada, and that means you have to have solid gross profit margins in order to be able to sustain the finance charges in the purchase order financing agreement.

The Bigger Picture

Clearly, the higher cost of this type of financing covers the complexity and risk that the P O finance firm takes in paying for goods, waiting to get paid, and having the belief that your firm will fulfill the contract order.

Intangible Benefits

It has been our observation with certain clients that your successful completion of a purchase order finance deal typically significantly enhances your relationship with your major suppliers and of course customers, that's a secret benefit that is intangible but invaluable at the same time.

 

 

Key Takeaways 

 

Purchase order financing is a financial solution where businesses get capital to pay suppliers upfront for verified purchase orders. This ensures that firms lacking funds can fulfill large orders and contracts.


Why It's Needed - The Working Capital Gap:


Businesses often encounter a working capital gap, where suppliers require payment either upfront or within a short timeframe (like 30 days), but the business may not receive payment from their customers for a longer duration (60-90 days or more). This creates a cash flow problem, especially for growing firms or those with large orders.

How It Works:


A PO financing company pays the suppliers directly for supplier costs, raw materials, etc on behalf of the business. Once the supplier ships and goods are delivered and the final customer pays, the business then pays back the PO financing company, typically with some interest or fees added.

Costs and Qualifications:


The costs associated with PO financing generally fall in the range of 2-3% per month in Canada. To qualify, a company must have a non-cancelable order or contract, and the customer they're selling to must be creditworthy. There's also due diligence done on the firm's ability to fulfill the order.



The Role of Traditional Banks vs. PO Financing & Supply Chain Advance


While traditional banks as a traditional financial institution provide low-cost funds, many businesses, especially smaller or early-stage ones, might not meet the banks' stringent criteria. PO financing fills this void, providing the necessary funds even if the business doesn't have a strong balance sheet or long credit hist

 

Conclusion  

 

Is P O financing for everyone? Maybe not. Could it be possibly the solution to major working capital needs if your business is growing and can't be financed traditionally - we certainly think so.

 

Call 7 Park Avenue Financial, a trusted, credible and experienced purchase order finance expert to explore financing options for small business owners. 

 

 FAQ 

 

What exactly is Purchase Order Financing?

It's a financial tool that allows businesses to get capital to pay suppliers upfront for verified purchase orders, ensuring they can fulfill large contracts even if they lack the funds in their target markets.

How does it aid businesses facing the working capital gap?

This financing method addresses the challenge where businesses need to pay suppliers quickly but may not receive payment from their customers for a longer period, thus ensuring smooth operations.

Are there any specific qualifications to avail Purchase Order Financing?

Yes, firms should have a non-cancelable order or contract, and the end customer should be creditworthy. Also, there's a due diligence process to verify the company's ability to fulfill the order.

How is this different from traditional bank financing?

While traditional banks offer low-cost funds, they have stringent criteria. Many businesses, especially smaller ones, might not qualify. Purchase Order Financing fills this gap, providing necessary funds even without a strong balance sheet.

Are there any hidden costs associated with PO Financing?

Costs generally hover around 2-3% per month in Canada. It's essential to be aware of these charges and ensure that your profit margins can accommodate them.


How does Purchase Order Financing benefit start-ups or newer businesses?

For start-ups lacking an extensive credit history or balance sheet strength, Purchase Order financing pros include the way PO Finance offers a way to secure necessary funds to fulfill large contracts establish a track record in their industry and maintain a sustainable debt structure in their business while addressing key cash flow gaps.

Is Purchase Order Financing only available in Canada?

While the article focuses on the Canadian context, Purchase Order Financing is a global financial solution. Its availability and terms might vary depending on the region or country.

How long does the PO financing process typically take?

The application process of vetting the customer's purchase order usually takes a week or so, which includes financial due diligence on the customer's creditworthiness and verification of order details.

What happens if the end customer does not pay on time or defaults?

If the end customer doesn't pay, the business availing the financing is typically still responsible for repaying the PO financing company. It's crucial to ensure that the end customers are creditworthy before entering such agreements.

Can any business apply for Purchase Order Financing, or is it industry-specific?

While distributors, manufacturers, and wholesalers are common beneficiaries, PO financing is not strictly industry-specific in global trade. Various sectors can leverage this solution, provided they meet the qualifications.

 

Click here for the business finance track record of 7 Park Avenue Financial

Canadian Businesses' Secret Weapon: Purchase Order Financing Unveiled

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YOUR COMPANY IS LOOKING FOR  BUSINESS FINANCE SOLUTIONS!

Fulfill Large Orders with Ease: A Guide to Purchase Order Financing Business Finance

You've arrived at the right address! Welcome to 7 Park Avenue Financial

Financing & Cash flow are the  biggest issues facing business today

ARE YOU UNAWARE OR   DISSATISFIED WITH YOUR CURRENT  BUSINESS  FINANCING OPTIONS?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Direct Email = sprokop@7parkavenuefinancial.com

 

Navigating Big Orders? A Comprehensive Guide to P.O. Financing in Canada

 

 

INTRODUCTION  - PURCHASE ORDER FINANCE IN CANADA: A GUIDE FOR CANADIAN BUSINESSES

 

Purchase Order Financing and Inventory Financing are emerging alternative financial solutions in Canada's business landscape.

 

Supplier payment schedules can be challenging for companies lacking substantial equity. Suppose your business gets orders faster than your existing working capital can handle. Talk to 7 Park Avenue Financial about purchase order (PO) financing and how it can be a practical short-term solution to facilitate growth.

 

For businesses dealing with finished or nearly finished goods from suppliers,  PO financing aids in fulfilling supplier demands. It bridges the potentially long gap between a product being prepared for transit and the customer's receipt and payment.

 

 

Paired with traditional sources of financing from Canadian chartered banks or independent finance firms, these solutions from purchase order financing companies offer supplementary flexibility for small business owners and SME's.. Let's dig in.!

 

Challenges in Traditional Business Financing

 

Traditional business financing revolves around working capital and cash flow, focusing on current receivables and inventory assets.

 

Even if your firm is well-capitalized and has an established bank credit line, fulfilling large orders or contracts can be daunting. This challenge intensifies when traditional financing is unavailable, making cash generation for larger orders and contracts seemingly unattainable.

 

What is Purchase Order Financing?  How does purchase order financing work? The Concept of P.O. Financing

 

Purchase order financing, or " PO Financing, "is a relatively new phenomenon in Canada. It provides the capital a small business owner / SME needs to complete large orders and contracts and can complement your existing financing arrangements if implemented correctly.

 

 How P.O. Financing Works

 

This financing covers your material and direct labour costs, often 60-70% of many businesses' total orders or contracts. Your firm can thus leverage working capital to finance production, leaving the profit from your P.O. or contract as a residual amount.

 

 

 Key Considerations for Qualification in P O Finance

 

Qualifying for such financing requires sufficient proof of a valid, creditworthy order or contract. If there's doubt about payment or creditworthiness, it may hinder the successful completion of the purchase order financing. Additionally, this solution is not designed for long-term financing, and funds are generally repaid once the order or contract is fulfilled.

 

 PURCHASE ORDER FINANCING VS. FACTORING

 

Technical Issues in Financing Arrangements

 

When secured financing arrangements are already in place, such as a bank line of credit, understanding the security taken in the Purchase Order and resulting receivables is crucial. Purchase order financing typically works best without a secured lender, but additional collateral or personal guarantees may be needed.

 

The Importance of Gross Margin

 

Healthy gross margins are vital for P.O. Financing. Low-margin, commodity-driven businesses may struggle with this financing model, as the blend of costs and financing charges leaves limited profit. Therefore, robust gross margins make for a more favourable P.O. Financing deal.

 

 The Growing Popularity of Purchase Order Financing

 

The current Canadian business financing climate is challenging, opening doors for alternative financing methods like P.O. Financing. It can fuel growth, improve profitability, and enhance competitive positioning within your industry.

 

 

Case Study: Understanding Purchase Order Financing Fees Through a Practical Example

 

 

Background: Purchase order financing fees are a critical aspect of considering this financial solution. Typically ranging from 2% to 4% per month and priced on a per-30-day period, these fees are charged on the supplier's total costs and may increase the longer a customer takes to pay their invoice.

Scenario: In this case study, we explore an example where a business entered into a purchase order financing agreement. The supplier was paid $200,000, and the financing company charged a fee of 2% per 30 days.

• 30-Day Payment: If the customer paid their invoice within 30 days, the total fees were 2% of $200,000, amounting to $4,000.
• 60-Day Payment: If payment took 60 days, the total fees doubled to 4% of $200,000, totalling $8,000.
•  

While these fees may seem relatively low, converting them into annual percentage rates (APRs) reveals a more substantial cost, often exceeding 20%.

Purchase order financing fees depend on various factors, including business qualifications, customer creditworthiness, and supplier reputation. The chosen example illustrates the essential considerations and potential complexity of purchase order financing, emphasizing the importance of fully understanding the fee structure and overall cost when evaluating this option.

 

 

Key Takeaways:

 

1. Definition: Purchase order financing is a funding option for businesses to cover the costs of materials or goods needed to fulfill purchase orders.

2. Applicability: Purchase order loans are useful for manufacturers, wholesalers, distributors, and import/export companies.

3. Process Overview:

   • The business receives a purchase order without sufficient funds or inventory.

   • Applies for purchase order financing from a financing company.

   • Financing companies may cover up to 100% of the supplier's costs based on the supplier's reputation and the customer's creditworthiness.

   • The financing company pays the supplier directly (via a letter of credit).

   • Business invoices the customer and provides an invoice copy to the financing company.

   • The customer pays the financing company directly.

   • The financing company deducts its fee and sends the remaining funds to the business.

4. Benefits:

   • Allows businesses to fulfill orders without waiting for funds from customers.

   • It helps prevent missed opportunities due to a lack of capital.

   • Enables business growth and expansion.

5. Costs:

   • Purchase order financing can be expensive.

   • Fees range from 1.8% to  3% of the monthly purchase order value.

   • When converted to an APR, a 3.5% monthly fee equates to over 40%.

6. Parties Involved:

   • Your business (applicant)

   • Purchase order financing company

   • Customer (who placed the purchase order)

   • Supplier (from whom goods are being purchased/manufactured)

7. Key Advantage: It involves more parties than a traditional loan and can cover costs even when a business lacks the funds or inventory.

8. Use Case Scenario: When a business receives a purchase order for goods, it lacks stock and needs financing to fulfill the order.

9. Payment Flow:

   • The financing company pays the supplier directly.

   • Business invoices the customer.

   • The customer pays the financing company.

   • The financing company deducts its fee and transfers the remaining funds to the business.

10. Consideration: While it helps meet orders, the high fees should be carefully weighed against potential profits.

 

 

CONCLUSION

 

Call 7 Park Avenue Financial, a trusted, credible and experienced Canadian Business Financing Advisor, if you are considering Purchase Order Financing.  Let the 7 Park Avenue Financial team assist in optimizing your cash flow and working capital through this innovative financing approach to a business loan.

 

  

FAQ: FREQUENTLY ASKED QUESTIONS  PEOPLE ALSO ASK /  MORE INFORMATION

 

What is Purchase Order Financing, and how is it different from traditional financing?


 Purchase Order Financing is a short-term financial solution providing capital to fulfill large orders or contracts. Unlike traditional financing, it's tailored to cover material and labour costs, thus aiding businesses in completing significant transactions without requiring extensive capital reserves.



 How does my business qualify for Purchase Order Financing?


Qualification for Purchase Order Financing requires a valid and creditworthy order or contract, healthy gross margins, and, often, a lack of existing secured lenders. Collaboration with a reputable Canadian Business Financing Advisor can guide you through the qualification process.



 Is Purchase Order Financing suitable for long-term financial planning?


No, Purchase Order Financing is a short-term solution to help businesses fulfill specific orders or contracts under a purchase order financing agreement. Purchase order funding is not meant to replace traditional long-term financing strategies like bank loans or lines of credit.


 What kinds of businesses benefit most from Purchase Order Financing?


Businesses that face large orders or contracts and need immediate working capital to cover material and labour costs benefit the most from P.O. Financing. It's particularly suitable for firms with good gross margins as margins offset the financing cost and those operating in industries where significant contract fulfillment is common.


Why should I consider Purchase Order Financing for my Canadian business?


Purchase Order Financing offers flexibility and the ability to fulfill large orders without straining your existing financial resources. PO Financing companies can assist you in accessing cash flow, enabling growth, and improving your company's competitive positioning. It's an innovative alternative to traditional financing that aligns well with the unique challenges and opportunities of the Canadian business landscape.


Can I use Purchase Order Financing for international orders, or is it limited to domestic orders within Canada?


Purchase Order Financing is generally applicable to both domestic and international orders. The key consideration is the creditworthiness and validity of the customer's purchase order or contract. It's advisable to consult with a Canadian Business Financing Advisor to understand the specific requirements and regulations for international transactions.


Are there any industries where Purchase Order Financing is particularly ineffective or not recommended?


Purchase Order Financing may not be suitable for businesses with extremely low margins or in industries where the combination of costs and financing charges leaves minimal profit. Understanding your industry's dynamics and discussing with a financial expert can help determine if this financing model aligns with your business needs.


What are the typical interest rates or fees associated with Purchase Order Financing in Canada?


Interest rates and fees for Purchase Order Financing can vary based on factors such as the po financing company you use,  the risk associated with the order, and the overall financial standing of your business. Working closely with a financing provider or advisor is essential to understand the exact costs tailored to your situation.

Should the financing company approve you for only a portion of the funding to pay suppliers, such as 90% of the supplier's costs, it will be your responsibility to cover the remaining balance of 10% on your own.



How quickly can I access funds through Purchase Order Financing? Is it a fast process?


Accessing funds through Purchase Order Financing can be relatively quick, often depending on the lender's requirements and the complexity of the order.

 

Timelines for the cash advance may vary until the financing company approves the transaction. However, working with an experienced Canadian Business Financing Advisor can often expedite the process and ensure that funds are available when needed. In most cases, a personal guarantee might be required.


Can I combine Purchase Order Financing with other types of financing, like bank loans / small business loans or Factoring / Invoice financing / Invoice factoring?


Yes, Purchase Order Financing can often be combined with other financial solutions, depending on the existing financial arrangements and the specific needs of your business. A comprehensive assessment with a financial expert specializing in Canadian business financing can provide insight into crafting a customized, multifaceted financing strategy.

 

  

 What are the pros and cons of purchase order financing?

 

 

Pros:

1. Availability for Startups: New businesses and startups may be eligible, even without a long history that traditional lenders usually require.
2. Credit Flexibility: Lower business credit may not be a hindrance if the customer has good credit.
3. Rapid Funding: Unlike traditional bank loans, funding can occur within a matter of days.

Cons:

 

1. Limited Applications: It's only applicable for covering supplier expenses, and companies may require a minimum expected profit margin of at least 20%.
2. Partial Coverage Risk: Might not cover the entire cost of an outstanding purchase order, leaving the business to cover the rest.
3. Potential Relationship Strain: Since customers pay the lender, not your business, this can impact your reputation or strain customer relationships. 

 

 

 

What are alternatives to PO Financing?

 

1. Invoice Financing: Borrowing against outstanding accounts receivable, useful for healthy revenues and short-term expenses.
2. Invoice Factoring: Selling outstanding invoices to a factoring company for immediate cash, suitable for businesses needing quick access to funds.
3. Merchant Cash Advance (MCA): An advance against future sales, with a faster approval process than traditional loans.
4. Line of Credit: A flexible option not requiring collateral, allowing use for any purpose, including inventory purchase.
5. Term Loans: Lump sum loans for various purposes, available from local banks and credit unions.
6. Government of Canada Loans / EDC Financing: Offer interest rate caps and government guarantee, potentially a lower-cost alternative to PO financing for small businesses.

 

 

 

 

Click here for the business finance track record of 7 Park Avenue Financial

Purchase Order Financing : A Canadian Business Financing Solution

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YOUR COMPANY IS LOOKING FOR CANADIAN PURCHASE ORDER  FINANCING!  

PURCHASE ORDER FINANCING COMPANIES CAN HELP YOU FINANCE LARGER ORDERS! 

You've arrived at the right address! Welcome to 7 Park Avenue Financial

        Financing & Cash flow are the biggest issues facing business today

                              ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?

CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs

EMAIL - sprokop@7parkavenuefinancial.com 

 

Fulfilling Customer Orders Made Easy: An In-depth Look at Purchase Order Financing in Canada

 

Purchase Order Financing? Is it your solution to growth, cash flow, and working capital challenges? Canadian business owners and financial managers are always challenged when required to fulfill customer purchase orders or new contracts where prepayment of a significant amount of goods is required to complete a large order or contract ultimately.

 

INTRODUCTION

 

Within Canadian business financing, purchase order (PO) financing is a solid solution that helps businesses with the necessary working capital to execute their customer orders and contracts. This short-term capital injection proves significantly beneficial for manufacturers, wholesalers, distributors, and import/export enterprises grappling with cash flow constraints or contending with substantial, unforeseen orders.

 

WHAT IS PURCHASE ORDER FINANCING

 

Purchase order financing, alternatively termed PO funding or trade financing, is an innovative financial strategy that equips businesses with the funds required to manufacture or acquire goods that have already been sold to their customers.

 

It serves as a financial safety net for companies that attract sizable orders yet face a shortfall in immediate cash flow or lack sufficient inventory to cater to this demand.

 

Businesses can more effectively manage their cash flow by accessing funds upfront to cover the costs of fulfilling customer orders. This means companies can accept larger orders without worrying about their cash-on-hand or inventory limitations, facilitating business growth and increasing market competitiveness.

 

Moreover, purchase order financing is not a loan, so it doesn't add debt to the balance sheet regarding company liabilities and does not require them to put up collateral. Instead, the funding is secured by the purchase order itself, which means the repayment comes from the revenue of the fulfilled orders.

 

This financing solution makes PO financing an attractive option for businesses aiming to maintain a healthy balance sheet while meeting increasing customer demands.

 

 

DOES YOUR LINE OF CREDIT FACILITATE LARGE ORDERS?

 

Typically, any line of credit needs the company has in place cannot facilities larger transactions involving a large purchase from a new or existing client and may include work in process inventory timing and pressure on your cash conversion cycle.

 

P/O FINANCE IS GROWTH FINANCING!

 

A new large purchase order or contract often represents the potential start to a large relationship that can grow large revenues and profits for your Canadian firm. Is there a solution?

 

One that you might want to consider is purchasing order financing. Under this type of financing (referred to as ‘ PO Financing '), the finance firm's payment is made directly to your suppliers for your order or contract. It is a unique form of working capital financing, allowing your company to fund goods manufactured or sold by a supplier, thereby relieving the stress of cash flow shortages during your business process.

 

THE FINANCIAL BURDEN OF LARGE NEW ORDERS AND CONTRACTS

 

Many companies are financially burdened when allocating valuable cash and working capital to supplier payments. ' P/O Finance ' is a solid mechanism to finance sales when you have decent gross margins to sustain the financing cost. The PO Financing company solution works well because many transactions involve extended payment terms based on supplier delivery and your customer's final payment.

 

That can easily, in many cases, be anywhere from 60-90 days, significantly increasing your ' cash conversion cycle. ' Purchase Order financing rates are higher than most financing based on overall complexity and risk but are an effective trade finance solution and are a part of supply chain financing solutions available to Canadian business owners. Export financing can also be augmented with EDC solutions.

 

WHAT ARE THE BENEFITS OF PURCHASE ORDER FINANCING

 

Purchase order financing offers numerous advantages to small businesses, including:

 

1. Ability to Fulfill Large Orders: PO financing empowers businesses to take on and fulfill substantial orders which they might otherwise be unable to afford, preventing missed opportunities and potential revenue loss.

2. Maintenance of Positive Supplier Relationships: This type of financing ensures businesses can promptly pay their suppliers, despite any cash flow deficiencies, thereby fostering positive and reliable relationships.

3. Simplified Financing Option: PO financing is a straightforward, accessible option requiring no credit checks or extensive documentation. The process can typically be completed within a few days, streamlining the funding procedure.

4. Flexible Payment Terms: Providers of PO financing often offer adaptable payment terms, enabling businesses to manage their cash flow and financial planning better.

 

 

WHY WOULD YOUR COMPANY CHOOSE A  PURCHASE ORDER FINANCING COMPANY 

 

Companies taking on larger purchase orders and contracts often have a significant overhead attached to the sale/project/contract. That issue, coupled with the extended payments, we have already referred to drains operating cash flow for your day-to-day operations. This allows you to complete the order, generate receivables from the PO Finance  Order, and collect from your customer. The financing charge is typically in the 3=5% range, so there needs to be a clear indication that your firm has the gross margins to support an additional cost in that range.

 

Firms with higher gross margins are great candidates for purchase order contract financing, and they are less so if they are in a low-margin commodity-type business. It’s all about the gross margin!

 

REASONS WHY YOUR FIRM MIGHT NEED TO ACCESS ORDER/CONTRACT FUNDING :

 

It is not hard to imagine why suppliers are asking for upfront payment. The typical reasons that we hear from our customers are:

 

1. They have reached their credit limits with suppliers of their bank

 

2. Many suppliers are overseas these days and do not want to commit capital to companies in other countries

 

3. Your firm is not mature, is in early-stage or start-up mode, and does not have the capital resources to commit to larger revenue opportunities via order financing. Therefore the simple financing process around paying your supplier via a letter of credit from the P O lender and then monitoring for delivery and acceptance, and payment to your firm is an attractive potential financing solution.

 

 

 

KEY POINT - As a technical point related to Purchase Order financing, business owners /financial managers should note that payments made by the P O Funding source do not include any taxes that may be charged to your order or deposits you have already received from buyers.

 

 

PREREQUISITES FOR A SUCCESSFUL PURCHASE ORDER TRANSACTION:  

 

Transactions are based on the reselling of manufactured products and finished goods.

 

  

HOW DOES PURCHASE ORDER FINANCING WORK?  

 

Your firm can generate reasonable profit after financing costs Suppliers are bona fide, and legitimately verifiable end-user client has a good commercial credit history.

The actual purchase Order must be non-cancellable

 

 WHAT IS PURCHASE ORDER FACTORING? 

It means that the customer promises to pay after the products are delivered. Because this arrangement creates a contract, the purchase order is valuable to companies, known as factors. A factor can fund a company's purchase order and give them the cash to produce and fulfill it. It is a structured finance solution that works.

 

At 7 Park Avenue Financial, many new clients enquire about P O's that require financing for less than 100k.

 

While this is possible, it is generally accepted in the marketplace that orders over this amount are somewhat more financeable and benefit all parties to the transaction regarding profits, deal size, etc. Remember also that your firm has what we call that 'cash conversion cycle' (every firm has one).

 

IMPLICATIONS OF FINANCING ON YOUR OPERATING CYCLE

There is a large number, often 2-3 months from when you receive orders, build and ship inventory or product, and then wait 30 days (or longer!) to collect from your customer. Purchase order financing is a solid solution to your cash conversion cycle. At 7 Park Avenue Financial, when we put together a purchase order financing facility, we stress to clients that this is very much an alternative financing scenario. Still, it offers you a solution that traditional Canadian banking or lending would not provide.

 

Therefore, your firm should ensure that you can demonstrate your customer's viability and fulfill the order or contract via this alternative financing method. One of the other advantages of supplier financing/purchase order financing is that from start to finish. It can be set up in approximately 14-21 business days, assuming your full cooperation on application forms, backup info, etc. Most Canadian business people recognize that financing of a certain size in a traditional banking or term lending environment might take significantly longer to complete.

 

 

BENEFITS OF PURCHASE ORDER FINANCING: HOW DO PURCHASE ORDERS WORK IN LOCAL / EXPORT FINANCING?

 

Utilizing this alternative funding method for certain sales allows you to take on orders and contracts, even in other geographics that otherwise might not be able to be considered as part of your growth strategy. Many opportunities are ' seasonal ' and must be seized confidently to avoid losing the sale or client relationship. Fostering good relations with suppliers re your payment history is key in any business relationship.

 

Because of the ' specialty finance ' nature of P O Funding, you benefit from lender expertise in this niche part of Canadian business financing, including flexibility around customized situations that might be unique to your order/contract.

 

KEY POINT - Business owners should be proactive in planning their financing around any significant addition in new business - this avoids the proverbial cash crunch and allows you to prevent reactive processes that, to say the lease, can be stressful for the business owner. Use the services of an expert or advisor to determine if PO Finance works for your transaction.

 

In certain cases, instead of a business line of credit, a combination of receivable factoring and Purchase order finance might be best suited to finance the transaction in combination with each other, given that a receivable is created out of your order and the factoring fund method of non-bank financing is less expensive than purchase order funding.

 

 

CONCLUSION - PURCHASE ORDER FINANCING CANADA

 

Purchase order financing is critical for numerous Canadian businesses, answering cash flow predicaments and facilitating expansion. Like any financial commitment, fully comprehending the terms, expenses, and consequences involved is crucial. Whether purchasing order financing or other funding alternatives, selecting the appropriate financial strategy can catapult your business to unprecedented success.

 

Let the 7 Park Avenue Financial team know how a purchase order financing company works and alleviates the cash flow challenges small businesses face in Canada. In summary, a purchase order loan/financing agreement is a unique niche within business financing and an effective means of financing working capital.

If you are new or not knowledgeable about this type of financing, speak to 7 Park Avenue Financial,  a credible and experienced and trusted business advisor who will guide you through key areas of Purchase Order Financing, including such things as minimum amounts that can be financed, credit application information, and the standard industry fees/rates. Short-term financing for larger orders managed successfully, will help your company achieve its growth goals while utilizing effective supplier financing arrangements.

 

  

 FAQ: FREQUENTLY ASKED QUESTIONS / PEOPLE ALSO ASK / MORE INFORMATION   

 

What is Purchase Order Financing?

 

Purchase order financing, or PO funding or trade financing, is a financial instrument that empowers businesses to shoulder the expenses associated with manufacturing or procuring goods already sold to their clients. It is a financial safety net for firms that attract large orders but grapple with immediate cash flow or inventory constraints until the customer pays

Consider securing a significant order from a client, but present cash assets or inventory are inadequate to fulfill the order. With purchase order financing, this business opportunity need not be lost. A PO financing provider pays your suppliers directly, ensuring the order can be completed. Subsequently, you bill your client, who settles the payment now with the financing provider. The financing company deducts its fee and transfers the remaining balance to your account.

 

What are the Costs Associated with Purchase Order Financing?

 

A purchase order financing agreement has several benefits, but weighing its costs is crucial. Generally, charges for purchase order financing oscillate between 2-5%  of the monthly PO value. Although this may appear minuscule, it can translate to an annual percentage rate (APR) surpassing 40% when converted, making PO financing a considerable investment for businesses.

 

What are the  Pros and Cons of Purchase Order Financing?

Purchase order financing carries many unique benefits and potential downsides for businesses. On the positive side, it's accessible to growing companies and startups, doesn't overly depend on your credit rating, and offers quicker funding than traditional bank loans. The customer pays the financing company directly.

Nonetheless, it also has certain constraints. The company must cover the remaining balance if the financing company approves a business for a smaller percentage of the funding of supplier costs. In many cases, a personal guarantee may be required.

What are Other Options Besides PO Financing?

 

In some cases, PO Financing won't match business needs. If that is the case, several alternative funding mechanisms exist to explore, including:

Invoice financing, invoice factoring

Merchant cash advances from online financing companies

Business lines of credit

Term loans / Small business loans

Government SBL loans. Government loans offer versatility for varying business types of financing, and requirements vary compared po financing companies.

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On Top of the Latest Trends In Canadian Growth Financing? Working Capital & Purchase Order Finance Alternatives

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 YOU ARE LOOKING FOR WORKING CAPITAL AND GROWTH FINANCING SOLUTIONS!

Growth Financing: Your Secret Weapon for Business Expansion

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        Financing & Cash flow are the biggest issues facing businesses today

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Decoding the Growth  Capital Financing Puzzle for Business Success

 

Staying on top of any aspect of your business is important, including ensuring you understand some of your alternatives when considering growth financing and working capital solutions versus debt financing solutions. We're talking about everything from standard solutions such as working capital term loans out to the end of the spectrum, the new kid on the block: purchase order financing for your business growth and business financing needs.

 

 

INTRODUCTION 

 

Growth financing, a term often thrown around in boardrooms and investor meetings, refers to the capital sourced to fuel the expansion of an organization, either through the launch of new products, market diversification, acquisition of smaller entities, or the enhancement of production capacities. Businesses seek the financial backing when they are ready to spread their wings and soar higher.

 

WHY IS GROWTH FINANCING IMPORTANT?

 

 

The importance of growth financing can't be overstated. But scaling a business isn't a trivial matter; it requires capital - capital for research and development, marketing and sales, acquiring new equipment or personnel, and so on. That's where growth financing steps in, bridging the gap between your aspirations and substantial growth.

 

THE FINANCING CHALLENGE FOR SMALL AND MEDIUM-SIZED BUSINESSES  ( SME'S ) IN CANADA

 

When the SME sector (small and medium-sized businesses in Canada) can't meet the requirements of a Canadian chartered banking solution, then what are some of the alternatives? The last couple of years have been somewhat brutal on manufacturing companies, balance sheets have been hit, and breakeven, let alone profits, have been tough for many.

 

ASSET-BASED LENDING - A VIABLE SOLUTION FOR BUSINESS FINANCING IN CANADA

 

A solution for many firms is to utilize a Canadian asset-based lender to address numerous challenges simultaneously. Let's examine a typical situation many clients have encountered over the last couple of years. They might have secured debt via a bank revolver or term loan, coupled with challenges around CRA arrears and accounts payable, which have ballooned due to an overall working capital shortage.

 

As profiled above, the growth financing comes from an all-encompassing working capital facility to replace the banking solution in this type of case. This type of financing margins receivables to 90%, providing a healthy margining of previously unavailable inventory (anywhere from 30-70%). In rare cases, a straight cash flow loan might be added to the facility to enhance the working capital. further

 

 

THE ASSET-BASED LENDING SOLUTION - A VIABLE FUNDING SOLUTION  

 

The asset-based lending approach empowers businesses to utilize their current assets to access the funding they require. In this context, assets can span a wide spectrum, including accounts receivable, inventory, and even tangible physical assets such as machinery and equipment.

Financing business assets offers a powerful tool for businesses to unlock the necessary financial resources to initiate or maintain rapid growth.

 

HOW DOES ASSET-BASED LENDING WORK?

 

But how does this function in a practical scenario? Let's delve into the mechanics of asset-based lending to understand better.

 

In asset-based lending, the business assets serve as collateral for the loan. The process begins with the lender thoroughly evaluating the company's assets. These can include accounts receivable, which are the unpaid invoices or money owed by customers to the business; inventory, which constitutes the raw materials, work-in-progress, or finished goods; and tangible assets, such as machinery and equipment owned by the company.

 

Once the lender has determined the value of these assets, a  business line of credit or, in some cases a term loan is extended to the business, typically a percentage of the appraised value. The loan terms are generally flexible, with the credit line's size fluctuating based on the value of the collateral and the company's financial needs.

 

This method of financing is especially beneficial to businesses that have significant assets tied up but are facing cash flow issues. By leveraging their existing assets, they can unlock liquidity without resorting to equity financing or incurring substantial debt.

 

Asset-based financing, therefore, serves a dual role - it allows companies to leverage their assets while providing them with the financial fuel to navigate the growth path. This method of growth financing is an effective way for businesses to capitalize on their existing assets and convert the potential value into real, tangible growth.

 

The bottom line is that the asset-based growth financing solution solves several problems around collateral, the size of the facility, and the general health of your firm.  Most importantly, it addresses your company's ability to grow again and fund that growth simultaneously. In effect, we've achieved a hybrid-type solution that many small and medium-sized firms sorely require.

 

THE PURCHASE ORDER FINANCING SOLUTION

 

And what about that purchase order financing concept? It’s not a concept; it’s a viable solution that gains more daily traction.

 

The P.O. finance solutions bridge the gap between fulfilling your contract or purchase orders from the time you receive them to your ability to get the final payment from your end-user customer. In some cases, purchase order financing involves a foreign supplier in the U.S., Europe or Asia.

 

Your P.O. financier pays your vendors on your behalf, taking the products, inventory and receivables from that transaction as security. It is a more expensive form of financing but provides a valuable bridge to sales growth success.

 

Small businesses also can access the Canada Small Business Financing program for working capital and lines of credit, given that amendment to the  federal loan program in 2022 added increased financing capability under the program

 

BENEFITS OF GROWTH FINANCING

 

The advantages of leveraging growth financing for business expansion are manifold:

1. Capital Infusion: Growth financing endows businesses with the necessary funds to allocate towards critical sectors such as research and development, marketing, recruitment, and infrastructure enhancement. This capital injection allows businesses to magnify their operations, penetrate fresh markets, and boost their competitive edge.

2. Talent Acquisition: Growth financing aids businesses in drawing in exceptional talent. With healthy financial backing, companies can propose competitive remuneration and benefits, luring and retaining top-tier employees. This amplifies the business's overall competence and cultivates a positive workspace promoting innovation and growth.

3. Credibility and Validation: Growth financing can also bestow businesses with recognition and confirmation of their potential. By securing funding from respected investors or financial entities, companies emit a strong message to the market - that they hold promise and are a worthy investment. This can pave the way for beneficial partnerships, collaborations, and other growth prospects that might not have been accessible previously.

 

  

CONCLUSION  

 

Business expansion calls for balancing daily operations and strategic investments for long-term profitability.

 

Growth financing is instrumental in maintaining this balance and avoiding cash flow issues that could hamper crucial investments. It serves as an essential resource for businesses aiming to grow, enabling them to unlock new growth avenues, add value for stakeholders, and enhance their industry presence.

 

With careful planning and strategic foresight, businesses can successfully leverage growth financing to drive their expansion journey despite its complexity and potential challenges. 

 

The 7 Park Avenue Financial team is committed to offering tailored growth financing solutions to aid businesses in reaching their goals.

 

So, is staying on top worth it? We think so. Therefore, you will want to investigate all solutions available for growth financing in Canada thoroughly. Speak to 7 Park Avenue Financial,  a trusted, credible and experienced working capital financing advisor who can assist you in identifying solutions and financing options that make sense... for your business!

 

 

 FAQ: FREQUENTLY ASKED QUESTIONS PEOPLE ALSO ASK MORE INFORMATION  

 

 What is growth financing?

 Growth financing is a strategy that involves raising capital for a small business or medium-sized firm via various financial tools to fund the growth and expansion of a business. This might include launching new products, entering new markets, hiring more staff, or making acquisitions. Sometimes, it can fund strategic acquisitions a company may wish to make to increase sales and profits.

 

 

 Why might relying solely on equity for growth financing be a disadvantage?

 While equity financing can provide significant funds for growth, it can come at a high cost, as it often means giving up a portion of ownership in the company. This dilution of ownership can reduce control over business decisions. It can also drain necessary working capital, the necessary funds for day-to-day operations and short-term obligations. Mezzanine financing is a hybrid debt that ranks lower than senior debt in repayment if there is a default..

 

 How does asset-based financing work?

Asset-based financing is a method where a business uses its existing assets like receivables, inventory, machinery, and equipment as collateral to secure loans or lines of credit. This strategy allows companies to access capital based on the value of their assets, providing a flexible source of funds to drive or sustain rapid growth.

 

How can growth financing contribute to a competitive advantage?

Growth financing can provide a competitive advantage by enabling businesses to seize opportunities more swiftly and effectively. For example, with the right funding, a company can invest in new technology, hire skilled employees, expand its product range, or enter new markets, thereby gaining an edge over competitors.

 

What role does working capital play in growth financing?

 Working capital, which is essentially the funds available for the day-to-day running of a business, is crucial in growth financing. A well-managed working capital structure allows companies to seize growth opportunities while ensuring smooth operations. Growth financing methods like asset-based financing help to preserve and optimize working capital, thus ensuring the business is well-positioned for sustainable growth.

 

What are some Tips for preparing a strong growth financing proposal?

 

To increase the chances of securing growth financing, businesses should consider the following tips when preparing their financing proposal:

 

1. Thoroughly research potential investors or lenders**: Understand the investment criteria, preferences, and track record of potential investors or lenders. Tailor your proposal to align with their interests and showcase how your business fits their investment thesis.

2. Demonstrate a compelling value proposition**: Clearly articulate your business's unique value to the market. Highlight your competitive advantage, market opportunity, and growth potential to capture the attention of potential investors or lenders.

3. Provide a comprehensive business plan**: Develop a detailed business plan that outlines your growth strategy, financial projections, and key milestones. Show how the growth financing will achieve your expansion goals and generate returns for investors or lenders.

4. Prepare a solid financial forecast**: Present a realistic and well-supported financial forecast demonstrating your business's revenue and profitability potential. Use market research, industry benchmarks, and historical data to validate your projections.

5. Build a strong management team**: Investors and lenders often emphasize the management team. Showcase your team member's skills, experience, and track record to instill confidence in potential investors or lenders.

 

 

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Breaking Through Cash Flow Constraints: Unleash Your Business Potential with Purchase Order Financing

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YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!

Unlocking Growth Potential with Purchase Order Financing: A Comprehensive Guide

You've arrived at the right address! Welcome to 7 Park Avenue Financial

Financing & Cash flow are the biggest issues facing businesses today

ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Email = sprokop@7parkavenuefinancial.com

 

From Orders to Profits: The Game-Changing Power of Purchase Order Financing

 

Purchase order financing & Receivable Finance via a direct A/R funding solution  are two key ways for Canadian business owners and financial managers to maximize working capital via key financeable assets - in this case, either :

 

Accounts Receivable

Fund Purchase Orders / Contracts

 

If they can't fund these two asset categories, their firm will risk serious working capital and cash flow deficiencies.

 

 

INTRODUCTION 

 

 

Purchase Order Financing is a game changer for businesses struggling with cash flow management. It allows companies to access the necessary funds to fulfill orders without relying on their resources. This financing option is particularly beneficial for small businesses with limited access to traditional financing due to size or credit history. This article will explore the benefits, workings, and relevance of Purchase Order Financing for small businesses in today's competitive marketplace.

 

 

To paraphrase one of the most famous lines ever written - 'it's the best of times and the worst of times ... that being the case when sales and profit potential is great but owners are challenged by key issues such as :

 

- New owner equity or outside equity

- Debt (loans)

- Operational efficiencies

 

We will focus on that third area - improving operational efficiencies via proper financing of your current assets and sales. By the way, believe it or not, that’s the cheapest way to finance your firm - given the higher cost of long-term debt and the even higher cost of bringing in outside equity.

 

You can increase bottom-line profits and optimize cash flow by leveraging your current assets - typically A/R and inventory-.

 

WHY IS PO FINANCING A BUSINESS GAME-CHANGER?

 

Purchase Order Financing is a game-changing funding option that helps small businesses manage cash flow by providing access to the necessary funds for fulfilling orders. This financing method enables businesses to accept larger orders, expand operations, and overcome cash flow constraints, in particular, benefits small businesses with limited access to traditional financing options. This article will explore the benefits, workings, and role of Purchase Order Financing in helping small businesses thrive in a competitive marketplace while ensuring suppliers' costs on orders can be funded.

 

HOW DOES PURCHASE ORDER FINANCING WORK?

 

Purchase Order Financing is a funding solution designed to assist businesses in fulfilling customer orders by providing the necessary cash. The process operates as follows: when a business receives a purchase order, it is submitted to a Purchase Order Financing company. Subsequently, the company disburses funds to the business for purchasing the required raw materials or inventory. Upon completing the order and receiving payment from the customer, the business repays the Purchase Order Financing company, including any applicable fees or interest.

 

AN EXAMPLE OF A  PURCHASE ORDER  FINANCE SOLUTION 

  

 

 

If you choose a purchase order financing facility, you can take on larger contracts and generate more profits for your firm. Overall larger orders and contracts also increase your competitiveness in your industry - with typically your competitors wondering how you do it!

 

By utilizing a p.o. financing strategy, you allow the p.o. Finance firm to pay suppliers for goods and services, you need to facilitate the order.  When your product is shipped and delivered, the purchase order finance firm is paid via your bank or A/R Financing facility. 

 

Although to many, the perception is a higher cost of financing, let’s look at what has happened - you have converted inventory into A/R into cash - Payment by your customer generates profit. Without the funding for the purchase order, you often could not have fulfilled such large orders or contracts. So by sacrificing some gross margin, you have grown revenues and bottom-line profits.

 

Firms that have a significant investment in inventory can achieve similar financial success.  With an inventory financing facility, you can stock more products and generate those additional sales.

 

For firms who cannot achieve the traditional bank financing sought by most, a combination of inventory and receivable financing facilities is available via an asset-based line of credit.   Here it's all about the 'cash conversion cycle' - turning A/R and inventory into cash and profits.

 

The higher interest rates charged by asset-based lenders can easily be significantly offset by smarter volume purchasing and negotiations with key suppliers on pricing: Bottom line - you now have the cash to pay for products and services.

 

The cost of not taking discounts or being unable to make volume purchases for cash is significantly great than the financing costs you have for alternative financing facilities such as inventory financing, purchase order financing and receivable financing.

 

KEY POINT:

 

Even if purchase order, inventory, and receivable financing were equal in cost to carrying receivables and inventory on your books, it would still be a viable solution because you would have fewer sales and less competitiveness in the marketplace.

 

For example - if your firm could buy $500,000.00 of inventory on 2% net ten-day terms and you could not take the discount, the opportunity cost of not taking that discount is over 36%.

 

Our simple statement to clients is as follows: ' The cost of paying in full is usually much higher than the cost of borrowing!

 

 

BENEFITS OF PURCHASE ORDER FUNDING SOLUTIONS 

 

Purchase Order Financing offers several advantages for businesses. It enables them to accept larger orders and grow operations without worrying about cash flow limitations, benefiting small businesses with limited access to traditional financing. Additionally, it helps improve supplier relationships by ensuring timely and full payments. Another advantage is the quick and easy accessibility of Purchase Order Financing compared to traditional loans, making it ideal for seizing new opportunities or fulfilling urgent orders.

 

 

COMPARING P O FINANCING VERSUS TRADITIONAL BUSINESS LOANS 

 

Purchase Order Financing differs from traditional business loans in several ways. It is based on the purchase order rather than the business's creditworthiness, making it accessible to companies with limited credit history or poor credit scores who can't qualify for other small business loans from a traditional financial institution. Furthermore, Purchase Order Financing is typically faster and easier to obtain as the focus is on the creditworthiness of the customer placing the order rather than the business itself. Invoice factoring/invoice finance and a merchant cash advance are alternatives to po funding. Still, they do not solve the challenge of cash flow to purchase inventory/products and facilitate business growth.

 

CONCLUSION -  THE FINANCIAL BOOST OF PURCHASE ORDER FINANCING

 

Purchase Order Financing is a game-changing solution for small businesses seeking growth opportunities. It enables companies to access the necessary cash to fulfill larger orders, overcome cash flow constraints, and strengthen supplier relationships. While there are associated fees and interest, they are typically lower compared to traditional business loans. For small business owners aiming to expand operations, considering Purchase Order Financing can be highly beneficial. Understanding its intricacies provides a competitive edge and sets the stage for success in business finance.

 

If your firm is focused on selling more efficient financing around asset turnover and proper focus on the opportunity cost of working capital - Talk to  7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can help you determine the exact working capital/cash flow strategy around your company needs.

 

FAQ: FREQUENTLY ASKED QUESTIONS / PEOPLE ALSO ASK / MORE INFORMATION 

 

What is purchase order financing, and how does it work?  

Purchase order financing gives businesses the capital to pay suppliers upfront to fulfill large orders. The process involves three key parties: the borrower (business), the lender (purchase order financing company), and the supplier. The lender evaluates the purchase order and the creditworthiness of the buyer and supplier, approves a percentage of the supplier costs, pays the supplier directly, and ensures the order is fulfilled. The financing company deducts fees and financing costs and remits the final payment to the company.

  

What are the advantages of using purchase order financing?  

The advantages of using a  po financing company for purchase order financing include the ability to fulfill large buyer orders, support for established and growing firms, and assistance in the supply chain process. Using solutions from po financing companies to accept orders they may have rejected due to cash flow constraints helps maintain customer and supplier relationships. It benefits industries with high-margin transactions such as manufacturing, retail, and import-export.

  

Are there any drawbacks or limitations to purchase order financing?  

Limitations of purchase order financing include its suitability primarily for industries dealing with physical goods and high-margin transactions. It may not be ideal for service-based businesses or those dealing with small buyers and purchase orders. Additionally, the cost-effectiveness of purchase order financing depends on the specific circumstances and profitability of the transactions involved and the length of time around when the customer pays.

 

 How can purchase order financing contribute to a business's growth potential? 

 

Purchase order financing can contribute to a business's growth potential in several ways. It enables the business owner to fulfill large orders, expand their customer base, and increase sales. By releasing working capital, businesses can invest in expansion efforts such as acquiring new assets or entering new markets. Accepting orders that would have been declined due to cash flow constraints helps build customer loyalty and strengthens relationships with buyers and suppliers, fostering long-term growth.

 

 What are the benefits of  P O FINANCE? 

 

The benefits of a  purchase order financing agreement for small businesses include access to funding that enables them to take on larger orders and grow their operations without cash flow constraints. It also helps improve supplier relationships by ensuring timely and full payments, especially for small businesses with limited purchasing power compared to larger companies. Additionally, purchase order financing is relatively fast and easier to obtain than traditional business loans, allowing small businesses to seize opportunities or fulfill urgent orders.

 

 

 What are the qualifications for Purchase Order Financing Companies? 

To qualify for purchase order financing, businesses typically need to meet specific requirements, including having a customer's purchase order for a tangible product, having a sufficient profit margin on orders to cover financing costs, and having a track record of fulfilling orders on time and in full. These qualifications help ensure the viability and reliability of the business when dealing with purchase order financing companies.

 

 

Click here for the business finance track record of 7 Park Avenue Financial