Purchase Order (PO) Financing is an ideal option for businesses that either cannot finance a purchase order themselves, or are unable to obtain a line of credit from their manufacturer. With PO Financing, businesses can finance up to 100% of the purchase order.
Here’s how it works:
With PO Financing, there are essentially four parties involved: The PO Financing company (Momentum), the merchant (you), the manufacturer/supplier, and the customer.
First, your customer sends you, the merchant, a purchase order. You then apply for PO financing with Momentum Business Capital. You then order the goods from the manufacturer, and Momentum pays a portion of that cost, up to 100%.
After the manufacturer is paid, the goods are sent to the customer. The customer pays Momentum, and Momentum then forwards the payment to you, minus a pre-determined fee based on what you qualify for.
Ready to get purchase order financing for your business?