| Investorwords: "Purchase Order is a written authorization for a supplier to ship products at a specified price, which becomes a legally binding contract once the supplier accepts it. The form will contain all purchasing information such as price, quantity and details of delivery." (credit: investorwords.com) |
Purchase Order Funding is a financial tool which permits an undercapitalized or fast-growing company to expand its business beyond what a traditional lender can support. The entrepreneur is able to do this primarily because of the strength of a confirmed purchase order from a credit worthy customer rather than the size of the company's balance sheet, or the availability of external collateral.
Look to STAR Funding for creative, efficient, fast and reliable purchase order funding. We offer a mix of talents in Letters of Credit, Logistics, Finances and Manufacturing, all of which come into play when servicing our clients' needs. We are committed to helping our clients be successful in today's competitive marketplace.
We can finance transactions as small as $100,000, or greater than $10,000,000. We are fully vertical in our approach to financing the business cycle, including our client's purchase orders, inventory and receivables. We tend to be transaction and collateral oriented, and place less emphasis on the size and makeup ot the balance sheet compared with traditional lenders.
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