Complete online application process makes it easier for us to process forms faster and provide same day loan approvals.
Purchase order finance is a type of short-term commercial finance for providing capital to pay seller’s upfront on the basis of verified purchase orders. It helps companies in accepting huge orders and adjusts the loan basis up or down quickly in terms to meet the needs. If due to any uncertain reason order volume shows some drops, there’s no long-term commitment so it can be stopped at any time. Purchase order finance generally goes in ease with invoice finance, as the financier is paid back by an invoice finance provider when commodities are received by the customer.
Purchase order finance is designed for growing businesses that have the initiatives of fulfilling large orders. They generally have poor cash flow and little access to working capital. The types of businesses that usually qualify for purchase order finance includes:
Whether a start-up or an established business, we are here to know your story and make our program work to meet your needs.
The cost of financing purchase orders can vary for each and every transaction. The monthly percentage of this finance is based on the lender’s underwriting factors, which includes: paying upfront for products, delivery as per the contract, waiting 60 – 90 days from delivery of consignment to get paid.
Purchase order financing is considered to be the best when the business experiences seasonality, substantial growth, or consistent cash flow shortages. Purchase order financing helps small businesses to avail advantage of growth as well as seasonality by providing the necessary funds to meet the needs of the customers. It also helps in relieving and even solving cash flow problems. This is done by reducing the amount that business owners have to invest up front.
Purchase order finance can help you in various scenarios that include:
Features of Connect2India finance
With online loan processing, business loan is disbursed within 3-5 business days of loan approval.
No need to put your valuable assets in risk, we have unsecured loan that do not require any collateral.
Our advanced algorithms determines the best rates for the type of loan you business require.
There will be no hidden costs or any other charges involved. Only processing fee of 2% is charged
Loan repayment structure can be customized depending upon how your business is growing.