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.
North Carolina is the 28th largest state in the U.S. and the 9th most populous state. North Carolina is also home to a large financial center, second only to NYC. Winston-Salem, NC is home to such sites as Tanglewood Park, the Reynolda House Museum of Arts, the Wake Forest Innovation Center, and much more. Industries in North Carolina include healthcare, construction, hospitality, manufacturing, tourism, agriculture, freight, and engineering. To assist in growing businesses throughout North Carolina, we offer these various business resources to help get you to the information your business can use to help succeed.