Purchase Order Funding
If you are a product reseller or a distributor and need capital to deliver a large purchase order, purchase order funding through GMA Factor can be a solution to fuel your business with the cash you need to deliver your orders and grow your business. Purchase order funding enables you to make sales that exceed your current financial capabilities.
Purchase order funding is an effective form of business financing in which money is advanced against a purchase order for finished goods or value added products to finance the manufacturing of the item.
What is Purchase Order Funding?
Purchase order funding is a method for a business to obtain quick capital to fill single or multiple customer orders. There will be times when there are not enough funds available to cover the costs of doing business. As a result, there may be an order from a client that isn’t able to be fulfilled due to a lack of funds. A company may not be able to afford the supplies necessary to meet the client’s particular needs. Having to turn the order down would mean loss of revenue and harm a company’s reputation.
If word gets around that a company is turning away business because they can’t afford to complete jobs, customer trust is diminished. It is imperative that businesses find the funds that they need. For some companies, purchase order funding is a great way to go…Click here to read the rest of this article.
We have a quick and easy approval process that can get you set up in as little as 3 business days. GMA Factor does not sign you on to any long-term contracts. Get started immediately by filling out the quick application on the right-hand side of this page or go to our online or downloadable application.