Do you have purchase orders from credit-worthy customers, but lack the funds to pay for the goods to fill those orders? Is your bank unwilling to fund inventory in transit?
Purchase Order Finance, also known as trade finance, is a unique credit accommodation that allows you to purchase inventory without drawing on your bank line of credit. A purchase order finance company will advance up to 100% of your supplier PO against pre-purchased inventory, including the cost of freight and duty.
The Franklin Capital Purchase Order Finance Program provides Letters of Credit or cash against documents to foreign and domestic manufacturers for the cost of pre-sold inventory.