Purchase Order Finance is an excellent means of short-term finance when cash is unavailable to pay for goods or materials needed to satisfy a customer order.
It has become increasingly common for suppliers to demand payment ‘Cash On Delivery’ or on short credit terms, and for customers who want to pay on month-end plus 30 or 60 days. This leaves your company without any working capital for a short period.
Several finance companies have developed a Purchase Order service which is particularly useful if your company is experiencing a period of growth where cashflow restrictions are stopping you from accepting new orders.
Working together with a supportive lender you will be able to agree the cost of finance in advance and work this into your quotations to enable your company to enjoy a period of sustained growth without encountering cashflow problems.
Several providers in the UK offer finance for Purchase Orders on flexible terms and is committed to working with you to support your business, especially through a period of growth.