Here’s a great article about a popular form of raising capital for small businesses. It’s called Purchase Order Financing – PO Financing or sometimes PO Factoring for short.
Like many other kinds of financing, there’s a time and place for it. But, as the article points out, it’s not cheap. Let me say that again, it’s NOT CHEAP. We obviously don’t offer any PO financing solutions at LenCred. However, anyone considering PO Financing or who has done some PO Financing should contact us for a few different reasons.
1. You want to make sure it’s your best (or probably only) option
2. You want to position yourself to not have to do this high-cost form of borrowing again so if you let us assist you we might very well be able to transition you to bank financing much quicker.
3. We might be able to provide some or all of the financing you need at a mere fraction of the cost.
At LenCred we specialize in unsecured business lines of credit and unsecured business loans. Come check us out and learn more.