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. BusinessCash.com can use our creditworthiness to entice your vendors to release the goods. That way, you can fulfill that large order that normally you 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 customer usually seek a form of Purchase Order Funding; a more costly and complex form of financing. Vendor guarantees are considerably cheaper, quicker, less complicated and can aid in building credit with vendors.
Essentially, the supplier is relying on the credit and guarantee of BusinessCash for payment of the goods. In a supplier guarantee, the vendor must at least agree to produce the goods initially.
What Different Kinds of Guarantees can I use for my Business?
After the production of goods, we can provide two different guarantees to the vendor:
1. Upon receipt of funds from BusinessCash.com, the supplier agrees to ship the goods directly to the end user.
2. BusinessCash.com will guarantee the vendor that once the shipment of goods is complete and is already accepted by the end user. Also, that funds generated from the factoring of the invoice will be wired directly to the supplier. We will then be sending you the balance between payment of the purchase order and the gross amount of the invoice.
In both instances, a one-page tri-party agreement is put in place between BusinessCash.com, you and the vendor. For 15 years, we have been negotiating with vendors and the great majority are happy to have the guarantee in place.
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