This service is provided to companies that operate anywhere in the world (including the U.S.) and sell to clients in the United States, Canada or Puerto Rico. Advance Percentages may vary depending on your customers’ creditworthiness and range from 75% to 85%.
There are instances where a wider variety of products could get you a bigger market share; similarly, your business may get better prices from suppliers by buying bigger quantities, resulting in better margins and therefore improving your net income.
In both of those cases, Factorway can step in with inventory financing and a factoring relationship.
Purchase Order Financing
When clients have a purchase order and insufficient cash to deliver the product or render the service, Factorway will finance the operation by providing the necessary funds and collecting payment from the client’s customer.
While every purchase order operation is unique, there are several guidelines used by Factorway to analyze each client’s situation prior to initiating this type of financing, including: