the capital fund
purchase order finance
Businesses often face problems when they try to secure large orders from new customers. Competing for new business is a difficult process in itself, since customers are constantly looking for the lowest price. Another challenge is getting the capital to buy supplies or products to deliver on the new orders.
Your business may be in a position where it is not able to fulfill a customer’s order because it does not have the materials in stock or the cash to acquire them. When this happens, the business risks losing both the order and the customer. A purchase order loan can tide you over.
Purchase order funding has become a popular way to finance a company that has received a large purchase order from a customer. This is one step before the invoice is generated.
PURCHASE ORDER FUND APPLICATION
Qualification criteria
1. Valid purchase order
2. The quote(s) for the cost of materials or goods that you will be supplying (if you are applying to fund only some of the costs of the purchase order, then you will also need to submit proof that the other costs have been paid for)
3. Your company bank statements for the past 12 months
4. All your business documents:
a. Company registration documents
b. Bank account confirmation letter
c. Business proof of address (not older than 3 months)
d. Certificate of Essential Services Provider
e. Tax clearance
6. The director’s documents:
a. Recently certified copy of I.D (not older than 3 months)
b. Recent proof of residence (not older than 3 months)
c. A declaration of directors and shareholding
Or contact:
Application Specialist: Capital Funding
Tel: 015 547 0000 Cell: 061 701 2559
Email: fund@wikagroup.co.za