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If your business struggles to obtain funding for presold or finished goods, you’re not alone. At Platform Funding Group, we recognized a need for loans for these types of products and vowed to offer a solution, which we now do via the form of purchase order funding. If you need money to pay your suppliers and increase your output, we’re ready to help with any purchase order funding you might need.
We’re Ready To Help Regardless of Your Situation
Our funding team at Platform Funding Group is skilled in the production of loans for works in progress and in obtaining lines of credit for domestic trade purchases and import and export transactions. Whether your business is a startup, lacks access to capital or experiences poor cashflow, we’re willing and able to help.
There are several benefits of turning to purchase order funding when you need to increase your cash flow. Some of the more prominent benefits are as follows:
There is a difference between purchase order funding and purchase order factoring, although both are funding services used by businesses to manage cash flow and fund operations. Here’s a breakdown of each:
Purchase Order Funding:
Purchase Order Factoring:
Key Differences:
In essence, purchase order funding helps businesses fulfill large orders by providing upfront capital to produce or procure goods, while purchase order factoring helps businesses improve cash flow by advancing funds based on completed sales reflected in invoices.
To succeed in your industry, you need the right funding. Get in touch with us to begin the fast and easy pre-qualification process for your merchant cash advance funding today so you can grow your company.