When you are considering if Purchase Order Financing is the right solution for obtaining Working Capital for your business, ask yourself the following questions:
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- Do you have a purchase order from a quality company?
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- Are you in startup mode? If so, do you have a perfected prototype of your product?
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- Do you have a 3rd party manufacturing facility set up?
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- Have you been turned down by a bank for financing?
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- Do you have orders that you could fulfill if you could afford to have the products made and shipped?
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- Do you have weak company financials?
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- Do you have personal credit issues?
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- Do you have the potential to rapidly grow your business if you had capital for your product?
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- Does your business rely heavily on inventory, requiring large capital expenditures to fulfill orders?
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- Do you want to retain equity in your company and not give it up to a potential capital partner?
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- Do you want a third party to manage and oversee the manufacturing, shipping, and final delivery of your product?
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- Do you want to concentrate on selling your product and not managing the supply chain process?
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- Do you want a third party to collect payment after your product has arrived at your customer?
If the answer to one or more of the above questions is YES, then you are definitely a candidate for Purchase Order Financing.