How To Expand Your Growing Business With Purchase Order Financing
As a small business owner, your goal is to attract bigger and bigger clients so your business can grow and thrive. Of course, it is possible to attract a client that is too large. It is more common than you might think for a business to simply not have enough working capital to fulfill a new client’s order. In fact, it may have already happened to you. This is why Exceed Capital Lending offers purchase order financing, which is a special kind of financing designed specifically for this situation. Think of order financing as a safety net, in case you ever find yourself without the capital to meet client needs. Other benefits include:
- Avoiding bad reputation for turning clients away
- Avoiding accumulating debt
- Improving your market share
- Losing no equity
- Short approval and processing time
How Purchase Order Financing Works
First, you receive the capital you need to fulfill the client’s needs. It is not until the client pays that we collect on the loan from the invoice. Of course, we leave the profits to you, just as if you had used your own capital to fulfill the order. Purchase order financing is an incredible tool that nearly all business owners have access to. Learn more by giving Exceed Capital Lending a call today.