Purchase Order Financing In NYC: Rapid Growth For Businesses
New York City business owners understand all too well the challenges of maintaining working capital to cover the cost of production and delivery. To fix this, many business owners are using purchase order financing in New York City to cover the cost of large or unexpected orders without placing a financial strain or taking resources away from regular operations.
What Is Purchase Order Financing In NYC?
Business owners use purchase order financing in NYC to get an advance in working capital to cover large and unexpected orders. This capital advance allows New York business owners to get the materials and resources necessary to fill those orders, without taking away from regular customer requests. Purchase order financing in NYC is rolled into the invoices generated by large customer orders. The purchase order financing is deducted when the customers pay, and the remainder is delivered to the business as revenue. The larger the order, the more revenue, and the customer pays for the financing.
Purchase Order Financing In NYC Is Not A Loan
Getting purchase order financing in NYC is not the same as taking out a loan. There is no debt associated with purchase order financing. Additionally, purchase order financing in New York City can be arranged quickly for time-sensitive business opportunities. Traditional loans can take quite a while to process, often exceeding the time frame needed to complete a large customer order. Purchase order financing in NYC preserves business credit ratings, allowing entrepreneurs to seek larger financing for bigger internal projects.
Using Purchase Order Financing In NYC For Growth
Many business owners have to turn down large customer orders because the working capital and resources are not available. This drives sales to competitors and inhibits growth. By using purchase order financing in NYC, business owners can get a stronger foothold in a very competitive marketplace. Larger sales mean more revenue, which translates to growth capital. In a very real sense, using purchase order financing levels the playing field with larger competitors, allowing small business owners to take on those big orders without feeling any financial strain, and still delivering to regular clients.
Get The Best Purchase Order Financing In NYC
If you own a business in New York City, and you are trying to position yourself for growth, call the professionals at CounselPro Lending. We offer programs for purchase order financing in NYC, as well as a wide array of working capital solutions.