Utilizing this type of financing can provide a company with multiple benefits, such as:
Allow small businesses to fill large orders
Without purchase order financing, small businesses might not have the capacity or credit to fill a larger-than-usual order. This type of financing agreement allows smaller companies to be able to take advantage of larger orders – such as one from a big box retailer like Wal-Mart, without having to tie up too much capital, or capital they do not have.
Don’t sell part of your businesses
In some instances, smaller companies will sell off part of their business so they are able to gain access to capital to fill a large order. Million-dollar orders can be a game-changer for companies, and not being able to fill them can result in lost opportunities, hurt their reputation, and kill the chance of getting future orders. However, with Crossroads Financial, businesses receive up to 100 percent of the funds needed to fill an order, so they don’t have to worry about selling any equity. Crossroads has put in place quality controls that help protect our clients’ interests and ensure their goods are delivered to them in a timely manner. No more lost opportunities; increase sales and increase profits.
Wholesalers and manufacturers that need extra financial assistance filling an order should contact Crossroads Financial to see if they qualify for Purchase Order Financing.