Growing Your Business by Using Purchase Order Financing
The primary goal of most small business owners is to grow their businesses bigger and bigger. This is an admirable goal, but there is one issue that you need to be aware of. As your business grows, it is possible that you may receive a client that is simply too big. You may not actually have enough working capital to fulfill their needs. This is a surprisingly common occurrence in the world of small business. In fact, it may have already happened to you. It feels like you have no options, but there is actually a unique kind of financing designed specifically for business in this situation called purchase order financing. Some of the benefits of order financing include:
- Improving your market share
- No lost equity
- Avoiding accumulating debt
- Avoiding bad reputation
How It Works
Because you are waiting to begin working on your new client’s order, the top priority with purchase order financing is speed. When approved, you receive the funds you need immediately so you can get to work right away. The aspect that makes this kind of financing completely different from most traditional loans is the way it is repaid. When it is time for your client to pay, we collect the invoice instead and leave the profits to you. Learn more about Advanced Capital Network.