Our work-in-progress financing and purchase order funding cater to the consistent growth of manufacturers and specialty-order manufacturing companies. Our understanding of the specific and aggressive cash flow requirements of manufacturing companies drives the design of these two financing options.
WORK-IN-PROGRES FINANCING
Construction and manufacturing companies engaged in long-term projects with payments linked to milestones are the target businesses for work-in-progress finance.
This financing option provides you with the money you need to continue the project, paying for recurring costs such as payroll, supplies, and machinery.
When client payments are irregular or delayed, it's especially helpful because it guarantees you have the money to fulfill your obligations and keep your project on track.
Ideal for:
- Bonded government projects
- Commercial infrastructure projects
- Commercial renovation projects
- Commercial tenant improvement
- Construction companies that are building custom homes
- Manufacturers, including those with specialty orders
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PURCHASE ORDER FINANCING
If your construction or manufacturing company does not have the upfront capital to fulfill its orders, purchase order financing can be the right solution.
Purchase order financing enables you to continue operating without depleting your reserves, whether you're a manufacturer in need of supplying unique components or a contractor who recently secured a large project. PO financing can provide the capital to help purchase products and pay your suppliers. The purchase order finance facility is paid off along with the agreed transaction fees after you invoice your client for the finished product.
PO Financing is ideal for:
- Boutique manufacturers
- Manufacturing companies
- Construction companies
- Construction suppliers
- Specialized contractors
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