I wish I had the Money ...

I wish I had the Money ...

... for that contract and the bank won't give me any more money on my line. I have this once in a lifetime opportunity to make a great profit on this deal! I hear this statement all too often at business gatherings and even sitting down over a coffee. Well you won't ever have to say that statement again becuase there is financing readily available for these once in a lifetime opportunities. This financing is called Purchase Order Financing.

At CapitalLinx International, we are often asked, "What exactly is Purchase Order Financing and how does it work?"

Purchase Order Financing is a means of funding for companies that typically have a large P.O. or Contract and need funding to complete it. We arrange funding specifically to get the project completed. For example, if a has a $250,000 P.O. then the Purchase Order Financing company would cover the costs of manufacturing the product either by (1) a Bank issued Letter of Credit or (2) by direct payments to our client's vendors to cover raw materials, direct labour, freight, etc.

Typical clients for Purchase Order Financing are:
* Start ups with a great new product, relatively large P.O.'s and little working capital
* Mature companies emerging from a slump
* Fast Growth Companies
* Need funding for less than 90 days
* Have gross profits of greater than 25%
* In almost any industy
* Domestic Manufacturers
* Importers
* Exporters

Purchase Order Financing and Factoring, as we discussed in the May issue of this magazine, go hand-in-hand. One complements the other in fact in some situations we at CapitalLinx International will recommend a derivative of both these sources of financing. The purpose of both these sources of financing is to help you, the business person, grow your company and/or add additional money to your Bottom Line.

Don't be one of those people that you and I talk to and say " I wish I had the Money for that contract, then I would be set !"