Construction Supply Factoring

Posted by Chris on Dec 4, 2012 in Business Tools, Construction Factoring, Purchase Order Funding, Supplier Financing, Trade Finance, Vendor Guarantee, Working Capital | 0 comments |

Financing and factoring for construction supply companies. Great news, construction in America is coming back. You can finally start growing your business through construction supply factoring. It’s been a tough last few years. Maybe your line of credit has been shrunk or non-existent. Factors can help you finance and advance up to 92% through invoice factoring or purchase order financing. You receive the remaining balance once your customer has paid minus low cost fees. This is crucial to get the materials you need to fulfill orders....

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What is a Supplier or Vendor Assurance Program?

Posted by Chris on Nov 30, 2012 in Inventory Finance, Purchase Order Funding, Supplier Financing, Vendor Guarantee | 0 comments |

What is a Supplier or Vendor Assurance Program?

As a wholesaler, importer, or distributor, many times, you will have an order from a client that is beyond your credit limit with your suppliers. Factors can use their creditworthiness to entice your vendors to release the goods. That way, you can fulfill that large order that you usually would have to pass one. What is a Vendor Guarantee? Vendor guarantees are a product that we offer as an alternative to the Purchase Order Financing. Companies who need capital to purchase goods from their vendor and have it drop shipped directly to their...

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The Ins and Outs of Purchase Order Financing

Posted by Chris on May 22, 2012 in Purchase Order Funding | 0 comments |

The Ins and Outs of Purchase Order Financing

There is a general misunderstanding of Purchase Order Financing. Let us discuss whether it is applicable to your situation, also, on what you can do to qualify for Purchase Order Financing or PO Funding. You should distribute or wholesale a product Purchase Order Financing is designed to either buy the goods for you or give your vendor confidence that they will receive a payment if they perform properly. A PO Funder can write a letter of credit payable to your supplier, or they can give your supplier a Vendor Guarantee. Such vendor guarantee...

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I want to “Factor my Order”

Posted by Chris on May 6, 2012 in Business Tools, Invoice Factoring, Purchase Order Funding | 1 comment |

I want to “Factor my Order”

My good friend at Wells Fargo, Roger Welker made this comment after my last blog: “Invoice Factoring versus Purchase Order Funding” – he gets calls all the time asking if his company can “Factor my Order”. Well, the short answers are no, but let’s look at the reasons why. First, you get an order to install fiber optic cable or supply temp staffing to a large creditworthy client. Congratulations! But you realize you don’t have the money to start the job or supply the labor. Well, what options are...

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Invoice Factoring versus Purchase Order Financing

Posted by Chris on May 5, 2012 in Business Tools, Invoice Factoring, Purchase Order Funding | 2 comments |

There is much confusion about the difference between Invoice Factoring and Purchase Order Funding (PO Funding). Let’s walk through the steps of how each work and what types of companies they are each applicable too. What is the Difference Between Invoice Factoring and Purchase Order Funding? Invoice Factoring is available to any company that bills creditworthy clients and must give terms or waits to receive payment. If you sell Trucking, Staffing, IT, Consulting, Food, Wine, Paper, Barbeque Sauce, Bullets, etc. and you give your...

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