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Need Cash to Pay Your Suppliers or Generate New Business?

 

Most businesses have heard of some non-traditional asset based financing options like business cash advances or accounts receivable factoring. These are great financing vehicles for businesses needing immediate cash for growth.

Working capital options for small businesses.

But, there is another option, usually overlooked or not understood, that is also geared to help businesses reach that next level.

Example, your company has worked hard. It found a new customer and negotiated a great deal for both companies. You receive the order, only to realize that you do not have the cash flow to complete the deal. You run down to the bank only to hear the same old things:

You're not profitable enough!
You haven't been in business long enough!
Your credit is below our minimum!
You don't have enough collateral!

Whatever the reason, you are still stuck and cannot get the money you need to complete this great order. So, what is your business to do?

Think "Purchase Order Financing!"

All that is required is that your business receives a valid order for your products or services from a credit worthy customer. Yes, purchase order financing is based on your customer's credit - not yours.

In most instances, you can finance up to 100% of the supplies or inventory needed to complete the project. You can even finance the labor needed. In essence, you can finance whatever it takes to complete the order. You still receive the profits or your mark-up and satisfy another customer. Not a bad financing product for a growing business!

Additionally, developing a relationship with a purchase order financier will allow your company to bid on large commercial and government contracts, contracts that may have eluded your business in the past due to lack of funds. Thus, you can go after bigger, larger jobs - jobs that you have always dreamed your business will handle but were just unsure of how to pull them off. Here is your chance!

Why not use all the resources available to grow your business?

Joseph Lizio holds a MBA in Finance and Entrepreneurship, is the founder of Business Money Today, has a strong commercial lending background and is regarded as an expert in business and finance - specifically business loans and working capital.
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