ForumsStarting a Business

PO Financing, Welcome

It would help if you told us more, like where are you?? and how do I get in touch with you??
Do you have an Accountant??

Do you know about SCORE?? SCORE is FREE and can advice you about P O Financing,
Invoice Factoring and Finding Investors. One of the first items an investor will want to see
is a Business and Marketing Plan. Again SCORE or I can help you and your company.

You can reach me at " pdeig@juno.com " LUCKIEST

Donna,

Not enough info to really get into details, but here are some basics.

P.O. Financing -

Generally you can get P.O. financing for the contract value of the goods you are purchasing to fulfill a firm P.O. from a customer.
P.O. lenders look at the strength and history of the supplier.
P.O. financing is for the value of the goods you are purchasing and generally will not include and process costs you have after receiving the goods and before passing on to your customer (packaging/re-packaging, assembly, etc.)
P.O. financing will not generally not cover tariffs or duties
P.O. financing will generally not include freight charges, so if you are buying in Asia and shipping to US, you need to consider that.
P.O. financing can be set-up with an L/C to the supplier.
Proceeds from P.O. financing go directly to the supplier.

A/R Financing -

Lender looks to the strength and history of your customer
Lender will advance something less than full value of invoice
Many A/R finance companies will also do P.O. financing which is convenient as a simple process exists to convert financed P.O.'s to A/R financing.

Last, P.O. financing is costly with rates possibly twice those of A/R financing.

Hope I'm not just telling you something you already know.

We can help, we are a financial firm that provides, accounts receivable financing and PO financing. Contact me at the numbers below so we can discuss your specific scenario and start assisting you immediately.

305-792-2366 X 514
Angie Botero