Finance 100% Of Your Purchase Orders!

Finance 100% Of Your Purchase Orders!

May 2022 HCC Email Blast

Purchase Order Financing can cover 100% of your supplier cost!

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Cost of goods is the single biggest expense for a lot of companies. This cost grows as your business gains new customers. Your ability to deliver will keep those customers coming back. Failing to fulfill an order can result in losing a customer forever!

The challenge we see in consulting with our clients is a lack of capital to meet growth needs. Most all purchase order and supply chain finance companies require “skin in the game” from the borrower. This typically translates to the borrower bringing in 20-30% of the cost of goods to fulfill the orders. Depending on how big the order is, this can be challenging. For example, you receive a $500,000 order from a customer that requires a 30% investment contribution from the lender. This equals a $150,000 cash requirement from the borrower to place toward the order. Most all companies we deal with do not have the “equity” for the transaction and this is the very reason they are in search of financing.

What are the key components to receiving 100% financing for your purchase orders? 

  • Strong supplier relations. It is easier when the borrower has a verifiable transaction history of successful delivery with the supplier. The greatest chance of approval is when the finance company is being asked to take the borrower’s current production from “A to B” versus a first time order with a new supplier that has never been used before. There is “execution risk” inherent in this type of financing and the funding source needs to be comfortable with the supplier’s capabilities.
  • Credit worthy customers. It is essential that the customer presenting the purchase order has adequate credit strength relative to the size of the order being placed. For example, a small mom-and-pop shop placing an order for $1,000,000 of any product would have a harder time getting approved than Walmart or Target.
  • Ability to direct customer payments to the lender. Collection of the invoice to the customer needs to be routed through the lender’s bank account. This is the primary source of repayment. Once the customer pays, the lender’s line is paid down, followed by finance fees, with the balance forwarded to the client. This balance represents the client’s profit in the transaction.
  • Direct payment to the supplier. Similar to the lender requiring payment directly from the customer, the lender also needs to pay the supplier direct. Payments to intermediaries, brokers, or anyone aside from the actual supplier is prohibited. The lender needs to ensure that the supplier is paid for the goods they are producing. Payment to any other source leaves the lender at risk.
  • Established borrowing entity. We are occassionally approached with purchase order or supply chain financing requests (sometimes in the millions of dollars) from newly formed entities with no assets and limited, if any, transaction history. These are naturally challenging. The exception would be if this newly formed entity was owned by a solid team of owners with previous experience in the same industry as the newly formed endeavor. Even still, the owners in these scenarios would need to have a strong outside net worth and secondary source(s) of collateral to pledge should the transaction go south and the lender need to be made whole.
  • Personal guarantees required. When there is resistence to personal guarantees, there is resistence from the lender to approve the line of credit. When borrowers request the removal of a personal guarantee they are essentially saying, “we need money to fulfill orders, grow our company and profit from that growth, but we are not willing to promise to pay you back. If you lose your money, too bad.” Well, they don’t actually say it in these terms, but they might as well because that is what the lender is hearing. It is required that the borrower(s) stand behind the proposition they are asking the lender to finance.
Is your business experiencing growth? Since our inception in 2010Huntington Coast Capital has been connecting business owners to flexible growth capital solutions through our nationwide network of capital partners. We can help!

About Huntington Coast Capital. 

Huntington Coast Capital secures funding for companies in a broad base of industries. Our clients come to us to find a more flexible lending partner to meet their growth needs. Many are declined by the bank and are in need of a more creative and entrepreneurial funding solution.

We consult on a wide range of funding options for business owners throughout the United States in the following areas:

  • Supply chain financing 
  • Equipment loans and lease programs (learn more about our equipment loan platform offered through our subsidiary)
  • Lines of credit for working capital needs
  • Term loans for marketing, hiring staff and general expansion needs
  • Factoring services for accounts receivable financing that also provides for back office credit and collection functions
  • Purchase order financing
  • Asset based loans
  • Business acquisition financing
  • Inventory financing
  • Private commercial real estate bridge loans
  • SBA loans for business and real estate needs

Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs. Contact us to see how we can assist in taking your business to the next level. Purchase Order Financing can cover 100% of your supplier cost!

Patrick Zazueta
Huntington Coast Capital, Inc.
Direct: 714-719-8966
patrick@huntingtoncoastcapital.com
www.huntingtoncoastcapital.comBRE License #: 02090967

Purchase Order Financing Versus Letters Of Credit

Purchase Order Financing Versus Letters Of Credit

Paying suppliers is a required and continuous expense for business owners whether you’re in retail, own a restaurant or are a manufacturer or distributor. Cost of goods sold is the first deduction against gross revenue on any companies income statement. The lack of ability to pay for the cost of goods expense severely impacts the growth potential of the business. In this article, we are going to look at the difference between purchase order financing and letters of credit and how they are used in business.

Letters of Credit

Letters of Credit (abbreviated “LC’s”) are bank instruments drafted to secure international and domestic purchases. They provide assurances for both the buyer and the seller of the goods. The seller is assured payment as long as the terms within the LC are met. These can include satisfactory inspection and acceptance of the goods at the port, factory or upon arrival to their destination. When the goods are paid for under the LC is negotiated between the parties.

Letters of Credit essentially assure two things: 1) the buyer has the financial wherewithal to make the payment for the goods, and 2) the supplier will deliver the goods as ordered on time. LC’s are opened with both the buyer’s bank and the seller’s bank and work together to assure the performance of each.

Requirements are a bit more strict with Letters of Credit than they are with purchase order financing. The LC has to have underlying collateral that is typically in the form of cash or accounts receivable.

When a company applies for a Letter of Credit from a bank the company must have an equal or greater amount of cash or accounts receivable available once the LC is drawn on. The buying entity needs to demonstrate that they have the financial wherewithal to cover the cost of goods once conditions have been met. The buying entities funds are typically held in a control account (similar to an escrow account) until needed. This control of the funds is necessary to assure the supplier that funds will remain available for payment from the time ordered to delivery and payment.

In this respect, LC’s really are not a financing tool as no monies are actually borrowed but rather set aside for a particular transaction. This form of international trade “finance” is a protection against financial loss on available capital versus new money used to cover the cost of goods.

This form of financing is set aside for more established companies with enough liquid collateral available to cover the expense. Consider LC’s as an insurance against loss of principle versus true outside financing. For more granular details on Letters of Credit click here.

Purchase Order Financing

Conversely, purchase order programs offer financing to cover the cost of goods to suppliers beyond cash and accounts receivable collateral. Startups, companies experiencing high growth and even the majority of established companies often need additional capital. In the majority of cases, the capital needs are larger than the accounts receivable balance or internal cash reserves.

In these scenarios, Letters of Credit would fall short of the financing needs required to cover the cost of goods.

Purchase order financing pays suppliers for materials required for the buying entity’s growth. Clients utilizing purchase order financing sign contracts with the finance partner. There is typically a personal guaranty for the facility that acts as a backstop should the transaction not offer enough support to pay back the line in a downside scenario.

Purchase order finance underwriters focus on three main areas when assessing new funding requests:

  • Financial strength of the customer(s) for which the PO’s are being generated: when purchase order financing is being requested the fund will want to thoroughly understand the credit strength of the underlying customer. For example, if the underlying customer is a nationally known retailer odds of approval are greater. Conversely, if the PO’s are being generated for a “mom and pop shop” with limited to no financial information available, approval is much more difficult.

 

  • Financing strength of the supplier: the source of where the goods are coming from whether international or domestic must also be fully understood. Suppliers are typically larger and more established. Usually, but not always, financial information is available on these companies and information can be verified to give the purchase order finance company comfort in wiring them money for the transaction.

 

  • Transaction history between the parties: It is important to know how long the client has been dealing with a particular supplier. Approval is much easier if there is a long history that can be documented through shipping documents, invoices and bank transactions supporting successful delivery of past orders. Purchase order financing works best when taking a company’s current business cycle from Point A to Point B versus financing orders for an entirely new supplier relationship that has zero past transaction history. This is because there are a number of inherent risks that go with financing first time orders; lack of past, successful delivery of orders, fraudulent supplier claims, capital at risk before performance, to name a few.

Purchase order financing is a line of credit used specifically to cover the cost of goods when capital needs are larger than available internal cash or accounts receivable.

In Summary

If you are an established company with no need to borrow outside capital, a Letter of Credit would be adequate for your needs. LC’s provide assurance against loss of principle by providing a check and balance prior to releasing funds.

Purchase order financing comes in to play when cash needs are higher than internal capabilities.

Both mechanisms facilitate trade financing and move business forward. Which program is best for your company depends on where you fall on the spectrum. To learn more about how Huntington Coast Capital’s purchase order financing solutions can work for you, watch this short video that explains the process.

We provide consultation and secure funds for a broad base of business financing needs. Call 714-719-8966 to learn how these programs can work with you to grow your business!

Purchase Order Financing Versus Supply Chain Funding

Purchase Order Financing Versus Supply Chain Funding

Purchase Order Financing

Supply Chain Funding has been steadily growing in popularity with our clients. Supply Chain Finance programs provide the business owner with capital to cover the cost of goods and make supplier payments.

How does it work?

Finance companies offering this form of financing will look at the business owner’s equity in the business, profitability and growth projections to name a few areas of focus. The credit analysis is slightly different depending on the Supply Chain company you are speaking with. Some set the line amount at a percent of the equity in the business (i.e. 25% of the equity in the beginning raising to 50% over time), and others will base their credit limit decisions on the amount of insurance they can take out on the business, while some have a more subjective approach based on their review of the overall financial picture of the company.

How is Supply Chain Finance different than Purchase Order Financing?

When utilizing Purchase Order Financing, the business owner needs to provide a copy of the purchase order to the lender. The PO copy is the basis for the loan amount being requested and the lender’s collateral. PO finance companies are repaid at the time of delivery to the customer by the company’s factor or asset based loan provider (unless they are managing the total relationship). Purchase order financing is a good source of capital when looking to cover the cost of a specific order of finished goods.

Supply Chain Finance works a little differently. Under this arrangement, the lender will pay the company’s suppliers and then gives the company 30 to 120 days to pay them back through the normal course of business. This type of finance does not need to be specific to any one purchase order for the company. The lender becomes another vendor for the company on their account payable aging. This is a great alternative when the company needs to build inventory for their season or is an online or brick and mortar retailer selling directly to the consumer (no accounts receivable).

Which one is right for your business?

It depends on whether you have specific purchase orders to finance or if you need more of a general line of credit to pay suppliers. Both are great ways to enhance liquidity and each offer the business owner the ability to act with the confidence of a cash buyer. In fact, a good portion of the finance cost can be offset by taking discounts from suppliers for early payment. Utilizing these options are a great way to leverage your buying power and your company’s growth.

About Huntington Coast Capital.

Huntington Coast Capital secures funding for companies in a broad base of industries. Our clients come to us to find a more flexible lending partner to meet their growth needs. Many are declined by the bank and are in need of a more creative and entrepreneurial funding solution.

We consult on a wide range of funding options for business owners throughout the United States in the following areas:

  • Supply chain financing 
  • Equipment loans and lease programs (learn more about our equipment loan platform offered through our subsidiary)
  • Lines of credit for working capital needs
  • Term loans for marketing, hiring staff and general expansion needs
  • Factoring services for accounts receivable financing that also provides for back office credit and collection functions
  • Purchase order financing
  • Asset based loans
  • Business acquisition financing
  • Inventory financing
  • Private commercial real estate bridge loans
  • SBA loans for business and real estate needs

Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs. Contact us to see how we can assist in taking your business to the next level. To your success!

Purchase Order Financing and Working Capital – The Life Blood Of Business

Purchase Order Financing and Working Capital – The Life Blood Of Business

Purchase Order Financing
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Purchase Order Financing and Working Capital Are Critical For Growth!

Working capital is often described as the “life blood of business.” No matter the industry cash flow is critical to your company’s survival. Often times there is little cash flow left after meeting your fixed expenses, making your variable expenses difficult to meet. What are variable expenses? These are the expenses associated with sales efforts most typically. The most pressing of the variable expenses is “cost of goods sold” That requires purchase order financing. These are payments needed to pay suppliers to fulfill orders. It is impossible to grow if you do not have the discretionary income to meet growth opportunities. Outside financing is required in many cases. However, not all capital providers are the same and some can leave business owners feeling compelled to borrow at high interest rates or have restrictive convenants attached to the borrowed funds. There is a better way to find the perfect working capital solution for your business and we have the answers!

Is your business on the brink of breaking through to the next level? Is available cash holding you back from making additional sales and kicking more profit to the bottom line? We can help!

About Huntington Coast Capital. 

Huntington Coast Capital secures funding for companies in a broad base of industries. Our clients come to us to find a more flexible lending partner to meet their growth needs. Many are declined by the bank and are in need of a more creative and entrepreneurial funding solution.

We consult on a wide range of funding options for business owners throughout the United States in the following areas:

  • Supply chain financing 
  • Equipment loans and lease programs learn more about our equipment loan platform offered through our subsidiary)
  • Lines of credit for working capital needs
  • Term loans for marketing, hiring staff and general expansion needs
  • Factoring services for accounts receivable financing that also provides for back office credit and collection functions
  • Purchase order financing
  • Asset based loans
  • Business acquisition financing
  • Inventory financing
  • Private commercial real estate bridge loans
  • SBA loans for business and real estate needs

Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs. Contact us to see how we can assist in taking your business to the next level. To your success!

Patrick Zazueta
Huntington Coast Capital, Inc.
Direct: 714-719-8966
patrick@huntingtoncoastcapital.com
www.huntingtoncoastcapital.comBRE License #: 02090967

Purchase Order Financing In California

Purchase Order Financing In California

Purchase Order Financing

Facilitating Business Growth Through Purchase Order and Supply Chain Financing

 

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The barrier to growth for most all businesses, especially startup ventures, is cash flow. Banks will tell you that you need two years of profitability (as shown on your company tax returns) before they will consider providing a business loan. If you do manage to qualify for a bank loan, it will almost always be an SBA term loan (one lump sum loan amount usually secured by real estate). These loans do not address the ongoing working capital requirements business owners need to fund purchase orders and other monthly cash flow needs.

This lack of access to capital is the reason the majority of businesses fail within the first three years.

The capital partners we represent have an entrepreneurial approach to lending that opens the door for many to grow their business without the covenants and restrictions of traditional financing! Here are a few examples of recently funded deals:

  • $100,000 Supply Chain Funding Line for a CBD Industry client – a distributor with enormous growth potential needed the capital to fund purchase orders. The initial line provided is $100,000 and will grow as the company’s sales grow. Estimated monthly volume with the financing in place is between $600,000 to $800,000 in monthly gross revenue.
  • $2,500,000 Supply Chain Line for a Home Furnishings Importer/Distributor – an already established company needed additional capital to increase sales. The use of this supply chain line of credit will allow them to grow from $50,000,000 to $75,000,000 in annual gross revenue!
  • $4,000,000 Supply Chain and Factoring Line for an Importer of PPE products – a newly formed entity in the personal protective equipment space needed capital to purchase goods from overseas suppliers. The partners in the business had solid experience and strong relationships on both the supplier and buyer side. The line of credit will allow them to scale their business and meet buyer demand.

About Huntington Coast Capital. 

Huntington Coast Capital secures funding for companies in a broad base of industries. Our clients come to us to find a more flexible lending partner to meet their growth needs. Many are declined by the bank and are in need of a more creative and entrepreneurial funding solution.

We consult on a wide range of funding options for business owners throughout the United States in the following areas:

  • Supply chain financing 
  • Equipment loans and lease programs (learn more about our equipment loan platform offered through our subsidiary)
  • Lines of credit for working capital needs
  • Term loans for marketing, hiring staff and general expansion needs
  • Factoring services for accounts receivable financing that also provides for back office credit and collection functions
  • Purchase order financing
  • Asset based loans
  • Business acquisition financing
  • Inventory financing
  • Private commercial real estate bridge loans
  • SBA loans for business and real estate needs

Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs. Contact us to see how we can assist in taking your business to the next level. To your success!

Patrick Zazueta
Huntington Coast Capital, Inc.
Direct: 714-719-8966
patrick@huntingtoncoastcapital.com
www.huntingtoncoastcapital.comBRE License #: 02090967

The Process: Purchase Order Financing for Personal Protective Equipment

The Process: Purchase Order Financing for Personal Protective Equipment

Purchase Order Financing for PPE Products

Could you benefit from purchase order financing for personal protective equipment? Do you have purchase orders from credit worthy customers for PPE Products? Is a lack of capital holding you back from expanding your PPE business?  Do you have inventory in transit or a factory allocation? Huntington Coast Capital can help. 

The global pandemic has driven the need for PPE Products of all kinds including but not limited to:

  • nitrile gloves
  • face masks
  • face shields
  • hand sanitizer
  • gowns
  • COVID testing products
  • and more…

Huntington Coast Capital secures funding for manufacturers and distributors of personal protective equipment products. Our capital partners provide inspection services to verify all supplier allocations through onsite inspections of factories and allocation holders. In addition to inspections, all documentation in a proposed transaction is analyzed for authenticity. These added services provide more than just a pocket book for purchase order financing. Complete credit management and collection of customer payments is also managed. This allows the client the freedom to facilitate orders with the confidence of knowing they are in partnership with a world class credit management, quality control and financing partner.

Purchase Order Financing for Personal Protective Equipment

The Process 

Once the purchase order financing for PPE products is in place the lender follows these steps:

  • lender inspects all documentation involved in a transaction for authenticity (i.e. PO’s from end buyers, SGS reports, factory details, etc.)
  • once approved, the lender will pay the deposit to begin production directly to the factory
  • the lender pays the balance upon completion and inspection of the finished products
  • products are delivered by air or boat
  • products clear customs
  • the buyer is invoiced
  • the buyer inspects and accepts the goods and manages their logistics to the desired location (unless drop shipped)
  • the buyer either pays onsite or is granted terms for future payment (terms granted to credit worthy customers only)
  • the buyer makes their payment to the lenders lock box
  • the payment covers the amount advanced to the factory or allocation holder, the fund’s principle and all finance charges and fees
  • the cycle repeats

Items needed for preliminary underwriting of a purchase order financing request: 

  • complete contact information for the buyer(s) if not listed on the purchase order
  • complete contact information for the factory(ies) and allocation holder(s)
  • business entity documents for the client’s entity (i.e. Articles of Incorporation, Organization, etc.)
  • resumes/bios on the owners in the entity
  • Huntington Coast application
  • account receivable and payable aging reports (if applicable)

These items will give the fund enough to begin with their preliminary review. If the initial review is satisfactory, further conversations are had to go over the details in more depth.

The Huntington Coast Capital Advantage:

Unlike other direct lenders in the space, we are unbiased in our solutions. Direct lenders involved in Purchase Order Financing for Personal Protective Equipment have one product to present and sell – their own. We are not beholden to any particular lender. This unique advantage has earned us a reputation for unbiased consultation and proven results. Put the power of our industry knowledge to work for you today!

About Huntington Coast Capital: 

Established in 2009, Huntington Coast Capital has a seasoned tenure in the purchase order financing space. We have been assisting clients in traditional industries for over 10 years. When the COVID outbreak began back in early 2020 our focus shifted to purchase order financing for PPE products as the overwhelming majority of inquiries surrounded the space. In the past 12 months we have facilitated numerous transactions by bridging our PPE clients with the appropriate funding partner for their business.

Purchase Order Financing for CBD Products

Purchase Order Financing for CBD Products

Purchase Order Financing for CBD Products

Huntington Coast Capital acted as the placement agent for a purchase order financing request for a client in the CBD industry. The purchase order financing facility will greatly assist the company in expanding its market. The new supply chain financing will allow the company to expand their sales from $20,000 per month to more than $500,000 per month!

The CBD market has been on the rise in recent years. According to Global News Wire – The global CBD oil and CBD consumer health market size is expected to reach USD 123.2 billion by 2027, expanding at a CAGR of 25.6% over the forecast period.

Growing buyer awareness regarding various health benefits offered by cannabidiol (CBD) and increasing legalization of cannabidiol oil and infused products is contributing towards the adoption of cannabidiol as a consumer health product, thereby positively impacting the market growth. Furthermore, changing buyer perception and attitude towards hemp-derived cannabidiol-based products is further bolstering revenue growth over the forecast period (full article).

Huntington Coast Capital’s partners in the space facilitate the growth of many CBD wholesalers and distributors. They do this by providing the much needed supply chain financing and factoring services necessary to facilitate orders and meet demand.

Our client currently has domestic partners formed with distribution in Texas and a lab in Colorado. All products are tested and approved according to industry guidelines. Operations to this date have been internally financed and limited due to available cash on hand. Companies starting out in any industry typically start with their own money. If the company is successful, they quickly run out of their own resources and need to find a capital partner to continue to expand. This is the best problem a company can have, but stressful none-the-less.

Supply chain financing and purchase order financing (there are slight differences) meet this need by paying suppliers directly. By financing the cost of goods, our clients are able focus on building customer relations and not worry about the capacity to fill orders.

If your CBD business could benefit from purchase order financing, we would like to hear from you. Call us direct at 714-719-8966.

Purchase Order Financing For Nitrile Gloves

Purchase Order Financing For Nitrile Gloves

PPE Update: Huntington Coast Capital is close to verifying new production allocations of nitrile gloves through several different suppliers. Once confirmed, these orders will be eligible for purchase order financing for nitrile gloves. The goods will be delivered to directly to the buyer’s location or a designated warehouse where they can be inspected prior to buyer payment.

Huntington Coast Capital is proud to serve the nationwide community of first responders, heathcare providers, governmental agencies and police and firefighters. If you have clients in need of purchase order financing for nitrile gloves, we would like to speak with you.

Our core business in traditional industries is still very much intact. We advise on a wide range of funding options throughout the United States in the following areas:

  • Supply chain financing 
  • Equipment loans and lease programs (learn more about our equipment loan platform offered through our subsidiary)
  • Lines of credit for working capital needs
  • Term loans for marketing, hiring staff and general expansion needs
  • Factoring services for accounts receivable financing that also provides for back office credit and collection functions
  • Purchase order financing
  • Asset based loans
  • Business acquisition financing
  • Inventory financing
  • Private commercial real estate bridge loans
  • SBA loans for business and real estate needs

Whether you are a startup or established, in need of $100,000 or $10,000,000 we have the capital partners to meet your needs. Contact us to see how we can assist in taking your business to the next level. To your success!

Patrick Zazueta
Huntington Coast Capital, Inc.
Direct: 714-719-8966
patrick@huntingtoncoastcapital.com
www.huntingtoncoastcapital.comBRE License #: 02090967

Purchase Order Financing For PPE Products

Purchase Order Financing For PPE Products

Purchase Order Funding For PPE Products

Huntington Coast Capital is continuing its fight against the COVID-19 pandemic by continuing to secure purchase order financing for PPE products. Over the past few months we have facilitated millions of dollars in purchase order financing for our clients in the PPE space. According to UNICEF the demand for PPE products will continue for the foreseeable future and this means financing required to fill orders will continue to be in demand.

Many lenders in the PPE financing space have pulled back their purchase order financing due to problems experienced with some of the orders. Orders were being shipped late or incomplete and sometimes both, due to the huge demand. Huntington Coast Capital’s fund partner has an approved list of suppliers in China. They have worked with and established strong business relations. This partnership has greatly reduced supplier performance risk. By controlling each step in the supply chain to the best of their ability, they are mitigating the risks associated with supplier performance and quality.

Where do we go from here? Huntington Coast Capital will be partnering with another group to deliver PPE products directly within the next few weeks. The warehouse space will be located domestically and contain a broad range of PPE products for sale. This additional step will eliminate the supplier risk entirely and allow our clients a faster turn around for those urgent orders. We look forward to announcing the opening of this facility. The warehouse  space has been secured and the products are on their way!

If you are looking for purchase order financing for PPE products, we would like to speak with you.

Patrick Zazueta
Huntington Coast Capital, Inc.
714.719.8966

 

Purchase Order Financing For PPE

Purchase Order Financing For PPE

Huntington Coast Capital is proud to have been contributing in the fight against the COVID-19 crisis by providing purchase order financing for PPE products. Our asset based loan programs have secured purchase order financing for much needed supplies. These items include face masks, gowns, gloves, shoe covers and face shields.

Large purchase orders from counties, health organizations and hospitals from across the country have been filled thanks to the availability of capital in this unprecedented time. Without access to capital, supplies would halt and safety of our healthcare workers on the front lines would be compromised.

Purchase Order Financing For PPE

Are you an existing supplier of medical supplies in need of purchase order financing for PPE? Are you in need of additional capital to fill orders from your customers?

In this environment, we have seen huge demand because the order sizes are far too large for the average supplier. For instance, we have seen orders for a couple million dollars to over 100 million dollars. We have access to the capital required to fill these purchase orders.