If you sell equipment, an aggressive leasing program can boost your sales tremendously. Typically, a factoring relationship supplies the exit strategy for the purchase order financier. Companies needing purchase order financing usually need two years in business, and a very strongly worded purchase document is a prerequisite. A company selling to consumers under this model may be able to convert its future payment stream into the cash it needs today. This is an unsecured loan requiring two years in business, reasonable profitability per stated results, and strong credit on the part of the personal guarantor.
Processing is fast, and because the loan is unsecured, it can supplement a factoring program.