Purchase Order & Merchant Financing 

A company uses Purchasing Order Financing when they lack working capital or cash flow to cover supply costs. The advantage of opportunities will take your company to the next level. At Extranet Business Finance, we have solutions with a competitive rate that don’t depend on your past performance levels but your current opportunity. We pay the supplier directly to cover the costs of your purchased supply. 

Result of Purchase Order Financing

  • Customer gets accept order otherwise no possible
  • Company can grow beyond what a bank would allow and enable
  • PO Financing can be advanced as a Standby Letter of Credit, for importing of merchandise

Why Purchase Order Financing

  • Company received order far bigger than what it can financially handle
  • Funding company advances enough dollars for company to produce merchandise
  • Merchandise shipped to customer
  • Invoice generated factoring company purchase invoice
  • Paying off PO financing factor receives invoice payment.

To Qualify Candidate

  • Must reflect a reasonable profit margin
  • Order-delivery time to be not more than six weeks
  • Order to be shipped all at once
  • This PO Financing is not available for inventory on shelf for future sale

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Merchant Financing 

  • Funds are advanced against future credit card receipts
  • Advance can be as little as $3,000 to as much as $250,000
  • Advance is generally for one year and mutually agreed upon percentage is deducted from each VISA/MASTER Card transaction to facilitate repayment

Requirements to Qualify

  • Average at least $2,000 per month on Visa/MC.Debit Sales
  • 2-6 months VISA/MC/Debit Statements reviewed to determine funded amount
  • Landlord verification
  • Client required to switch processors to the lender in order to facilitate repayment of loan

Advantages of Merchant Financing

  • No credit driven
  • 90% approval rate
  • Funding in 7 days or less
  • No extensive paperwork
  • No closing cost
  • No application fees
  • No financials and tax return required

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