Purchase Order Finance is funding advanced to a supplier secured against a confirmed Purchase Order. This type of funding is tailor made for young and growing businesses that receive valuable orders from the Government and from large organisations, but lack the cash resources to pay for the products to be procured.
Purchase Order Finance can help businesses address this funding gap by assisting with the financing of the transaction up until the time an invoice is raised. The level of funding will depend upon the make-up of the order and the strength of the company issuing the Purchase Order.