What would you do if some suppliers require cash payment upon delivery, while your customer prefers a net 30- to 60-day payment period?
In the meantime, you need to cover the costs associated with labor, packaging, and shipping.
Purchase order financing can assist fashion designers and companies in the industry in fulfilling their orders on time, even if they lack the upfront funds to pay suppliers.
The PO finance facility can provide capital to US-based fashion companies that have established relationships with their suppliers and buyers, requiring funding for ongoing purchase orders.
Furthermore, we establish an invoice factoring facility that becomes accessible once your customer has been billed.
CONFIRMED ORDER?
You have a confirmed order from a creditworthy customer, but do not have the cash to fulfill it. We can advance up to 80% of the confirmed purchase cost to your supplier.
We can either pay your supplier directly or open a letter of credit. You then deliver the goods, and we invoice your customer.
After we get paid by your customer, we will pay you the difference between the order value and the amount paid to your supplier, minus our fees and any costs associated with the funds used.
Timely fulfillment of your purchase orders is essential for your business's success. Additionally, both purchase order financing and invoice factoring are key components in ensuring the overall success of your company.
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