Financing Your Purchase Orders for Business Growth
If you are looking for ways to keep cash flowing through your business even when times are tight, you need to know about purchase order financing. By using your orders for merchandise as the basis for a cash advance, you can get the funds you need to start work, and that means you never need to worry about having the cash on hand to cover startup costs when a new order comes in.
How Purchase Order Financing Works
When you finance your purchase orders, Norris Commercial Capital associates review your outstanding orders and your customers’ payment histories. Sometimes, if it is a new customer, they may even look at that customer’s overall credit. That allows them to calculate the amount of any available advance. After you receive the funds and deliver the goods, we manage payment collection, sending you the remainder after your original advance and our fees have been covered.
Benefits of Purchase Order Financing
- Never turn down a project for lack of startup funds, even a large or unexpected one
- Reusable—finance new orders as they come in
- Fast determinations and cash distributions
- Payment insurance on your customers
- Keep expanding your market share by servicing larger customers
For more information, contact us today. Our associates can also help you start an application.
Tennessee is the 16th biggest state in the U.S. and is home to some of great cities like Nashville and Memphis. Tennessee has received an influx of people relocating from California, Florida, and several northern states because of the low cost of living, and the booming auto and healthcare industries. Nashville is one of the fastest-growing areas in the U.S. due in part to these factors. As of 2012, Tennessee was only 1 of 8 states that could report an asset surplus. Many major corporations call Nashville, Knoxville, or Chattanooga home such as Regal Entertainment Group, Fedex, and Autozone. Tourism has also made it a top 10 destination. Norris Commercial Capital is happy to assist Nashville, Knoxville, Memphis, the rest of Tennessee, and the U.S. with our commercial finance products. Contact us today at 865-585-0304.