Millennium Millionaire Mindset , 1900 Century Place Ste 240 , Atlanta GA 30345 , 687.718.5646 , firstname.lastname@example.org
WHAT IS PURCHASE ORDER FINANCING?
How It Works & PO Funding Benefits
Purchase order financing is a funding option for businesses that need cash to fill single or multiple customer orders. In many businesses, cash flow problems exist. There will be times where there is simply not enough money available to cover the costs of doing business. As a result, there may be an order from a client that isn’t able to be fulfilled due to a lack of cash. A company may not be able to afford the supplies necessary to meet the client’s particular needs. Having to turn the order down would obviously mean a loss of revenue and perhaps even a tarnished reputation.
If word gets around that a company is turning away business because they can’t afford to complete jobs, customer trust is diminished. Groups that considered giving that company their business will likely think twice. Therefore, to avoid such scenarios, it is imperative that businesses find the money that they need. For some companies, purchase order financing is a great way to go.
Purchase Order Financing and Your Business
Purchase order financing involves one company paying the supplier of another company, for goods that have been ordered to fulfill a job for a customer. This is an advance and may not be for the entire amount of the supplies, but it will cover a large portion of it. In some cases, companies can qualify for 100% financing. The purchase order finance company will then collect the invoice from the end customer. The purchase order finance company makes their money by charging the company in need of funds various fees. These fees are taken out of the collected invoice. The remaining amount is returned to the company.
A second option is for the purchase order financing company to open up a line of credit with the supplier. The line of credit will be opened in their name and backed by them. This allows businesses with poor credit or few assets to get the supplies that they need.
What is Purchase Order Financing?
Purchase Order Financing can be Quite Advantageous.
It is pretty easy to qualify for and much easier than bank financing. Also, it does not require a company to have stellar credit. What is important is the creditworthiness of the client who has created the purchase order. If this person has a strong credit history, then purchase order financing is pretty easy. Many companies will require that the client be a commercial one or a government agency. There might also be other requirements. For example, the company may need to be profitable or earn so much in sales each month. The requirements will likely differ based on the financier.
Unlike bank financing lenders, purchase order financing hinges mostly on the financial strength and creditworthiness of the company who has placed an order with a particular business, and not on the business itself. This makes it a viable option for new businesses and those with average credit.
HOW OUR PURCHASE ORDER FINANCING WORKS
PURCHASE ORDER FINANCING
How it works
No 1 ) You obtain a purchase order from a quality company who has agreed to purchase your product. You then send the purchase order to Millennium Millionaire Mindset Company.
No 2) Millennium Millionaire Mindset Company will perform due diligence, confirming your customer is credit worthy and that the purchase order is valid and will be accepted upon delivery.
No 3) After verification Millennium Millionaire Mindset Company will advance money to a third party to cover the cost of the goods and labor needed to fulfill the order. This can be one manufacturer or a combination of manufacturers.
No 4) Once the product is completed, Millennium Millionaire Mindset Company will handle the shipping, Customs clearance ( If necessary ) , and final arrival of the product at a storage facility, or your customer’s dock. After the product arrives at your customers dock, you invoice your customer and copy to Millennium Millionaire Mindset Company.
No 5) Millennium Millionaire Mindset Company will then employ its accounts receivables financing service and advance on the invoice, to bring the total advanced up to 70% – 90% of the original purchase order amount.
No 6) Your client pays Millennium Millionaire Mindset the full invoice amount, then Millennium Millionaire Mindset Company sends you the invoice balance less our fee.
MILLENNIUM MILLIONAIRE MINDSET ADVANTAGE
NO EQUITY IS REQUIRED, KEEP 100% OWNERHSIP
Millennium Millionaire Mindset Company does not require Equity in your company. Our funding process provides solutions where you maintain full business ownership and control.
DEAL WITH ONE COMPANY THROUGHOUT THE WHOLE PROCESS
Millennium Millionaire Mindset Company works with you and the manufacturer to fulfill your purchase order, as well as the delivery to your customer. Once the purchase order becomes an invoice, and is sent to your customer, Millennium Millionaire Mindset Company will advance funds to you through accounts receivable financing. This allows the working capital your business needs to cover operating costs, until invoice payment is received. In turn, you deal with just one company from initial product creation to payment.
CHOOSE MILLENNIUM MILLIONAIRE MINDSET COMPANY
# Deal directly with decision makers
# Same day approval / closing in 2-5 days
# 100% Financing on Purchase Orders
# Challenged Credit and Years in Business are Non-Issues
# Assigned Account Team
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