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Tuesday, March 17, 2015 2:05:58 PM
Purchase order financing allows businesses to leverage their purchase orders for cash (or credit) advances to their suppliers. This allows them to accept new business from clients even when they do not have the operating capital on hand to fund the job. PO financing gives companies the opportunity to grow their businesses and take on jobs even when cash is tight. There will be times when a company has the chance to accept an exceptionally large order but they may be afraid to because they don’t know how they will come up with the money to bankroll it. PO financing gives these companies an easy way to cover their operational costs
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