How Does PO Funding Work?

Posted by Chris Curtin on Jun 23, 2012 in Business Tools, Purchase Order Funding, Trade Finance | 2 comments |

How Does PO Funding Work?

Scenario: After much hard work, you finally secure that large purchase order from a creditworthy client. Congratulations! However, you have nowhere near enough working capital to buy the product to fulfill the order. What can you do? You have heard of Purchase Order financing, but don’t understand how it works, whether you qualify or how to get approval. Also, how does PO Funding differ from Invoice Factoring? First, let’s discuss the mechanics of both tools to get you more working capital. Purchase order financing gives companies...

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