PURCHAGE AND SHOPPING LOAN
Fast. Simple. Secure.
Invoice Finance / Accounts Receivable
Sometimes called Invoice Finance, Debtor Finance or Accounts Receivable Finance, this is an extremely effective way of unlocking cash that’s already been invoiced to your clients. It’s like a cash advance based on money you’ve already earned from your customers, without having to wait for the traditional 30, 60 or even 90 day payment periods.
Here’s an example
Step One
A lender could pay you 80% of a single invoice or the total balance of your combined invoices.
Step Two
The remaining 20% is paid to you once your client has paid the invoice.
Step Three
Finally, just less a ‘factor fee’ of 1 to 3%.
Flexible & fast
This type of financing is a relatively quick and flexible way for your business to maintain cash flow and has many benefits when compared to other bank loans or lines of credit.
Almost immediate access to funds once an invoice has been issued
No other collateral is required
No repayment schedules
Don’t waste time chasing unpaid debts
Manage cash flow
Plan for seasonal and day-to-day fluctuations
Purchase Order (P.O.) Financing / Trade Financing
Incredible Micro offers P.O. financing and trade financing to clients who need to purchase goods or secure the resources to fulfill an order.
Some circumstances that may require P.O./trade financing are as follows:
- When you receive an unexpectedly large order requiring immediate production
- When you do not have sufficient capital to fulfill a purchase order
- When you need short-term operating capital while waiting for a start shipping date with the merchandise ready for shipment
- When you want to negotiate discounts on purchase of raw materials by paying in advance
Benefits of P.O. financing and trade financing include the following:
- Injection of quick working capital to realize a sales opportunity
- Prevention of potential loss of future business opportunities
- Retention of vital business information by maintaining respective anonymity of your vendor and buyer
- Facilitation of the import of raw materials and export of finished goods