When applying for purchase order financing, you'll need to provide the following information and documentation:
- The customer purchase order
- Your supplier's invoice
- Your invoice to the customer
- Financial statements: profit and loss statements, balance sheets, cash flow statements
- Tax filings
The lender will also look at your businesses reputation and financial standing, along with your suppliers. For example, they will want to know if the supplier can fulfil an order on time. They'll also look at your customer's creditworthiness to ensure they're reliable and will make their payments.
If you're looking to get your business finances in order, get in touch with us today!