- Purchase Order Funding
Receivables Factoring to meet your needs
More businesses fail due to lack of cash flow than any other reason. Let Money on Tap instantly free up to 85% of your invoices value quickly and easily.
What is Purchase Order Funding?
Money on Tap’s purchase order funding services provide funds for finished goods, based upon valid purchase orders from your creditworthy customers. This enables you to remain competitive, complete a deal with virtually no out of pocket expense, and offers you the potential to increase the size and number of your orders.
Consider the following scenario:
You are a wholesaler, re-seller, retailer, or a similar business that requires finished goods from a supplier. Up to today, your business has had no problem fulfilling its typical order sizes. Fortunately for you, it looks like a large order has come in from one of your current customer. However, it is clear to you now that the order exceeds what you could fulfill with your current operation.
This is where Money on Tap purchase order funding comes in. The purchase order funding service allows you to respond to increased levels of demand. Money on Tap posts a letter of credit to your suppliers to pay for your goods. The supplier will deliver your desired goods. You can at this point fulfill the increased demand. Click to view the full purchase order financing process
Who Uses PO Funding Services?
Purchase Order Financing is ideal for wholesalers, re-sellers, distributors, retailers, and similar businesses that purchase completed product from suppliers. Obtaining purchase order financing is easy because it’s based on your customer’s credit worthiness, not yours.