When a business finds itself in the position of not being able to promptly fill a customer's purchase orders, it can be in danger of losing those orders and the potential profit they represent. Worse yet is the potential loss of any future orders from that customer.
BFS has simple criteria for funding PO Transactions:
- Management Expertise and Proven Products
BFS will finance companies with proven expertise in their field, and products that have been tested. BFS also provides PO funding to government resellers of all sizes.
- Dependable Sourcing
BFS will fund transactions with suppliers who have records of dependability.
- Valid, Non-cancelable Purchase Orders
BFS will fund based upon non-cancelable, valid purchase orders issued by creditworthy companies. Consignment transactions are not funded.
- Verifiable Repayment
BFS must know how it will be repaid. This can be from banks, factors, asset based lenders, letters of credit, or the end customer.
BFS will fund by making direct payments to third party suppliers or the posting of Letters of Credit by BFS on behalf of its client.
Purchase Order Financing is available to virtually all industry segments, with the exception of construction and service industries.