When a company that operates with a small amount of working capital cannot afford to pay for the cost of producing a customer’s order, P/O financing enables such company to not turn away business,
NEW YORK (PRWEB) March 15, 2018
Many companies, and most of any size, use borrowed funds as part of their capital structure. Depending on the nature of the business, its size, time in business, whether it has adequate collateral, and other factors, a business has myriad options when borrowing funds. This BUSINESS BORROWING BASICS 2018 Financial Poise webinar series provides a guided tour of the various borrowing options available to businesses, from both a business and legal perspective. Major topics covered include asset-based lending, P/O Finance, Factoring, Merchant Cash Advances, and Market Place Lending / Fintech. Learn the advantages and disadvantages of each, tricks of the trade when negotiating these arrangements, and more!
The third episode of the BUSINESS BORROWING BASICS 2018 series is Purchase Order Finance, premiering on March 21st at 2:00 PM CST (Register Here), and features Moderator Jonathan Friedland of Sugar Felsenthal Grais & Helsinger. He is joined by Paul Schuldiner of Rosenthal & Rosenthal, Richard Simon of Mandelbaum Salsburg P.C., and Jason M. Goldberg of IDB Bank to discuss the ins and outs of Purchase Order Finance.
Purchase-order financing (P/O financing) is designed to extend credit to a company that needs cash quickly, to fill a customer order. A company may operate with such a small amount of working capital that it cannot afford to pay the for the cost of producing a customer’s order. P/O financing enables such company to not turn away business, by borrowing from a lender using the purchase order itself as collateral to support a loan.
This webinar explains when P/O financing may make sense for a company; some of the more common terms and conditions of such financing; how to negotiate those terms; how it co-exists with other forms of financing and potential alternatives.
The BUSINESS BORROWING BASICS Series is Co-Produced by Financial Poise™ and the New York Institute of Credit. Purchase Order Finance is sponsored by Premier Travel Management.
Future episodes in the series include “Factoring,” airing on April 18th, “Merchant Cash Advances” airing on May 23rd, and “Marketplace Lending/Fintech,” aring on June 20th. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
About Financial Poise™
Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/
About New York Institute of Credit
The New York Institute of Credit (NYIC) was founded in 1918. A non-profit organization, NYIC bridges the gap between business theory and practice. The faculty of NYIC consists of educators who are primarily credit executives or prestigious and articulate accountants or lawyers who are appreciative of the value of a close alliance of the professions. The synergetic education created out of that special relationship has been effective and acknowledged. You can read more about NYIC here.
About Premier Travel Management
Premier Travel Management is a privately owned corporate travel management firm located in the heart of Chicago for over 25 years. Premier Travel Management’s primary goal is to provide unsurpassed professional, yet personal, service to the corporate traveler while offering cost containment programs to their clients for managing travel budgets. To learn more about the services offered by Premier Travel Management, please go here.