For small business
entrepreneurs, opportunities to grow your business do not come along
everyday. But growth can be severely handicapped when an opportunity to
bid on a big, profitable order does present itself but you are unable to
compete due to the lack of financing to execute it. With bank loans still
difficult, especially for early stage small business, where can you turn.
At Aegis Factors, we may have the solution for you.
Purchase Order Finance at
For our accounts receivable factoring
clients operating in the manufacturing and distribution sectors, purchase
order finance can often provide the financial mechanism to say "YES" to a
large, out of the norm order. With a purchase order finance
arrangement provided by Aegis Factors, we will provide the necessary
financing to either purchase or have your goods built by a contract
manufacturer. Once delivered to your customer, we will then finance
the large invoice through normal factoring.
Purchase Order Funding Parameters at
Aegis can provide your company with
purchase order finance under the following conditions:
must be a current factoring client with a minimum of $100,000 per month
is receivables being factored. We do not provide purchase order
finance on a "stand alone" basis. The maximum amount of
purchase order finance provided will be 25% of your current receivables
balance being factored.
either be a distributor or contract manufacturer. We do not provide
purchase order finance for service providers (contract finance).
goods must go directly from the manufacturer to the customer. We
do not fund inventory and raw materials for goods in process.
order must be valid and without conditions for cancellation. The
account debtor (your customer) must be pre-approved for credit.
In the event that you are currently not an Aegis Factors accounts
receivable factoring client and factoring your receivables with us, we can
often provide your company with purchase order finance it requires through
our wholesale operations
explore our ability to provide a factoring / purchase order financing
arrangement for your business, simply complete a standard
Profile and tell us a little about your needs or,
alternatively, complete our short
application / contact request form. A member of our underwriting
staff will contact you within 24 hours.