What You Need To Know About Purchase Order Financing
If you haven’t used purchase order financing for your business before, you should definitely look into it. This financial tool has the power to make business expansion a breeze. At Array Financial, we provide a wide variety of options for PO financing, so choosing the right terms for your operations is simple.
What Is Purchase Order Financing?
This type of financing option involves using purchase orders from your customers to get direct financing for finished supplies or raw materials. Instead of having to purchase, stock and manage a large amount of different inventory items in anticipation of client orders, you can just get financing for the exact items your customers want each time.
What Businesses Use PO Financing?
PO financing is an excellent solution for most B2B companies:
- Import/export business
We have a lot of experience with both resale and manufacturing focuses, so getting the things you need for your clients is never a problem.
What Are the Benefits of PO Financing?
There are many advantages to purchase order financing compared to traditional ordering and inventory management. For one thing, it’s simpler. Plus, it allows you to expand your market without taking on debt or risking equity. You can deliver products to your customers on time without problems.
For more information, contact us right away.