Cash-Strapped Businesses Turn To Purchase-Order Financing
It's a small-business owner's nightmare: Your company lands a major merchandise order from a corporation or government agency, but doesn't have the money to pay for manufacturing and delivery. If you can't find some cash - fast - your company stands to lose the order and possibly the customer relationship, too. Many business owners stuck in this situation are turning to alternative lenders who offer to finance their purchase order. P.O. finance has become more popular as bank lending slowed in recent months. While some P.O. lenders have been around for decades, many companies in the sector, such as PurchaseOrderFinancing, sprung up during the last downturn.