Get Purchase Order Financing for Your Business
If you own a company that provides presold merchandise to customers, you understand the importance of keeping inventory well-stocked. You lose out on sales if you fail to fill orders promptly, so when you do not have the cash on hand to manufacture or buy the items you have sold that are not currently in your inventory, purchase order financing from Select Capital could be an ideal solution.
The Benefits of Purchase Order Financing
Purchase order financing is approved based on the credit of your customer rather than that of your company, so you do not need a perfect credit history to qualify for this type of financing. It is ideal for new companies that do not yet have an established reputation.
Why You Should Apply for a Purchase Order Loan
When you list a product for sale, you are responsible for filling orders when people buy it. Sometimes, you sell more items than you have in stock or have a lapse in inventory management, and if you do not have cash on hand, you may need to secure a purchase order loan to buy or manufacture the item to fill orders.
Get Started Today
Purchasing order financing benefits any company that deals with presold merchandise. To see if you qualify for this avenue of financing, contact Select Capital today.