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Purchase Order
Financing enables you to fulfill your purchase
orders, even when you do not have sufficient
funds or capital. It allows you to expand your
business without giving up equity, or waiting to
have a Bank look at your loan request. |
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The Process: |
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1. |
The customer submits a purchase order to you
with all documents |
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2. |
You submit the customer purchase order to
the PO financier for approval with all costs
associated with the transaction |
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3. |
The PO Financier then will make direct payments
using a letter of credit, supplier guarantee or
cash to your vendors so that the merchandise for
the customer PO can be produced |
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4. |
Your vendor delivers the final product directly
to the end customer or to a third party
warehouse until shipped to end customer (FG)* |
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5. |
You then invoice the shipment and send the
invoice and corresponding copy of customer PO to
the factor
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6. |
The factor funds the invoice at his discount
(advance) paying PO financier his loan plus fee
with the balance sent to you
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7. |
The factor collects from the end customer and
pays you the residual left from the advance |
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* For Work in Progress (WIP) PO Financing the
material that the PO Financier purchases on your
behalf is shipped to you or to a third party for
final fabrication and shipment to your customer
To arrange for the PO Financing that is best
tailored for your specific requirements: |
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CONTACT: Paul V. Noonan, President, Cambridge
Financial Corp.
Telephone: (321) 939-0601 Email:
paulvnoonan@aol.com |
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