And we start every relationship the same way – with a conversation about the profit potential a specific opportunity offers.
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Chicago, IL (PRWEB) July 13, 2010
Entrepreneur.com, the online portal for Entrepreneur magazine, has published a new article on the viability of purchase order financing and has singled out one of the many financing success stories of PurchaseOrderFinancing.com.
The article, “Can a Purchase Order Loan Keep your Business Growing?” uses the example of Simi Valley, CA company, Slider the UNscooter, a PurchaseOrderFinacing.com client, to show how PO loans work best for small businesses.
“Were thrilled that Entrepreneur.com has highlighted this story,” said Dan Casey, Founder and CEO of PurchaseOrderFinancing.com. “It shows how PO financing can help a small company that's short on cash or credit but big on potential.”
The Slider scenario is typical. As a recent startup, Sliders sales were escalating, but the company's cash flow couldn't fulfill the new large orders coming in. Banks weren't lending. So they turned to PurchaseOrderFinancing.com who provided $200,000 in funding to get the scooters made. Now Slider can grow their business by going after even larger clients.
“We see this situation all the time,” said Dan Casey.“ Our clients need working capital to take advantage of a large order and we provide a lifeline. That's because we base our approvals on the promise of profit – not on the client's current balance sheet.”
Purchase order financing enables transactions by leveraging the finances of the client's potential customer, not those of the client itself. The suppliers are paid via a Letter of Credit and the order is fulfilled without the company having the capital themselves. It's a win win for everyone involved.
PurchaseOrderFinancing.com can secure up to 100% financing on up to $25 million, usually within 7 to 14 days. The site features a broad range of topic pages to help businesses unfamiliar with PO financing such as:
- Purchase Order Financing Blog– News and updates from the PO financing industry
- What is Purchase Order Financing– General overview of the PO funding process
- International Purchase Order Financing– Details on funding options in countries outside the US
- Government PO Financing– Information on the online government contract marketplace and funding options
Already experiencing explosive growth, PurchaseOrderFinancing.com was launched in January 2009, but the company behind it has been finding creative financial solutions for businesses since 2002. Businesses that should consider purchase order financing are manufacturers, wholesalers, distributors, importers and exporters.
“The process can not only facilitate an immediate order, but may bring the client's business to a higher competitive category,” noted Casey. “And we start every relationship the same way – with a conversation about the profit potential a specific opportunity offers.”
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