Purchase Order Factoring
Purchase order factoring and financing can provide many benefits to both large-scale corporations and small but established businesses. Some benefits of this type of factoring include:
- Having the necessary capital available to accept large-scale purchase orders
- Being able to finance up to 100% of supplier costs
How do the processes of purchase order invoice factoring and purchase order invoice factoring work?
- You receive a purchase order from your client
- Upon approval, Business Factors pays your supplier using either a supplier guarantee, cash, or letter of credit. You receive an advance on a certain percentage of the total amount.
- Your customer receives and accepts the merchandise
- Once we receive payment, we settle the transaction and reimburse your for the full amount, minus a small service fee
If you're ready to find out whether factoring for purchase order invoices and receivables is right for you, contact Business Factors today for a free quote and consultation.
