Large Project Success Through Purchase Order Funding

cup of coffee on purchase order form

You can take your company to the next level with a large project and access to cash. However, low cash flow can cause you to lose the opportunity. Many companies accept the challenge of a large project with the help of Purchase Order Financing. When your business needs a quick influx of cash in order to accept a large project, PO funding, is an excellent financing option.

When considering Purchase Order Financing, here are some key questions to take into account:

  • Does your business have the opportunity to take a large order or project?
  • Is cash flow a problem for you to get started on large order or projects because you are unable to purchase raw materials?
  • Will taking on this order or project have a potential negative affect on your regular business?

Answering “Yes” to any of the above questions, may indicate that Purchase Order Financing is good option for your business.

How Does Purchase Order Financing Fund My Large Projects?

Planning a large project is a complex undertaking, and an important part of the project’s success is adequate funding. Your business cannot afford to waste the effort and time it takes to begin a big endeavor, only to find cash flow is too low to continue. PO Funding is a quick solution to generate the cash required to begin or continue your large production project. The process is simple:

  1. Your business receives a purchase order to provide goods.
  2. Universal Funding advances you the funds to purchase the raw materials and start on the order or project.
  3. Once the order is complete, you invoice your customer.
  4. Universal Funding will factor your invoice to close out the monies owed on the Purchase Order that was financed.
  5. When your customer pays the invoice, your receive the remaining balance.

Combing the PO funding and invoice factoring services will provide any business with a surge of cash to continue with a high production output.  This financing option is much quicker than a bank loan because the financing company can quickly make a decision based on your open receivables instead of a lengthy examination of your company history and credit standing. The process usually is as fast as a few days. Once you have collected your cash, your part in the process is done, and you can get to work on your large project.

How Do I Begin the PO Financing Process?

The first step to funding your large project or order through purchase order financing and invoice factoring is to contact a reputable factoring company.  Universal Funding can answer your questions about purchase order financing and help you access working capital for the success of your large project. You can call us at 800-405-6035 or complete our online rate form to begin the process and request a no-fee consultation today.

In today’s economy you have to be able to take on new business opportunities without disrupting your current business flow. Purchase Order Financing allows you to take on larger orders without worrying about sacrificing your existing business allowing you to meet the growing demands of your business and expand your customer base.

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