Recently, RJ Funding Services (also known as Rafter J Funding Services) added Purchase Order Financing to our list of offerings. Purchase Ordering Financing (PO Financing) is a type of non-traditional business funding option that focuses on supplying funds for verified purchase orders. Essentially, PO Financing is a short-term lending solution where our firm, RJ Funding Services, will pay the costs of the materials or supplies needed to fulfill a purchase order. Following is some helpful information on this newest offering.
PO Financing 101
Simply defined, Purchase Order Financing allows a business to continue to operate even if it cannot fulfill a purchase order when supplies or materials are low. For example, a large order could come in and company might not have enough supply or capital to purchase the raw materials necessary to complete the order. PO Financing allows a company to fulfill an order, avoid losing business, and maintain a good reputation.
PO Financing is approved based on the buyer’s credit worthiness. When approved, RJ Funding will pay for the materials needed to fulfill the order. Our firm will take a small handling fee because we advance the capital and then collect the money owed directly from the buyer. The money will then be dispersed back to the manufacturer or distributing company.
Who Benefits From PO Financing
Companies in the manufacturing, distributing, and import/export industries can benefit from Purchase Order Financing. Some wholesalers and resellers benefit as well. We have worked with established businesses and startups. Those who benefit from this form of alternative financing are companies who are in a situation where they lack the resources or reserves to fulfill an order.
What to do Next
If you think that PO Financing might help your business, we recommend calling our firm to discuss your funding needs. You can also accelerate the approval process by submitting an application online by clicking here.
Serving businesses in an array of industries throughout the United States and Canada, RJ Funding Services is one of North America’s leading non-traditional lending firms. Our team works closely with our clients to deliver old-fashioned customer service with the latest technology and newest industry offerings. Call us today at (855) 461-1685 to learn more about how we can help you.