Landing a large order can signal the beginning of success for your company, but it can also mean the start of working capital challenges. A short-term finance option, purchase order financing can help you accept and fulfill large orders if you’re dealing with limited working capital.
Purchase order financing provides an opportunity to increase your cash position based on the value of the order. SLK ties financing to a specific purchase order and accepts it as collateral. You can use the boost in cash directly for materials and labor you’ll need for the order, on capital expenditures, or for funding operations. Then, when you receive payment for the order you’ll repay the loan.
Like most SLK finance solutions, we provide options in as little as 2 to 3 days. Once we agree together on a solution, we’ll transfer funds within 24 hours of closing.