Key Benefits of Unum Credit’s Purchase Order Funding
Purchase Order Funding is a short-term finance solution that gives businesses the money they need upfront to fulfill a confirmed customer order. Instead of struggling to pay suppliers or cover delivery costs, the funding provider pays those costs on your behalf. Once the order is delivered and the customer pays, you repay the funder, usually from the proceeds of that payment. It’s ideal for businesses with big orders but limited working capital.
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What is Purchase Order Funding
How Can You Use Purchase Order Funding?
Fulfil large orders with confidence. Unum Credit’s Purchase Order Funding provides the upfront capital you need to execute confirmed orders or tenders from reputable customers, whether government departments or private corporates. This specialised solution covers the full cost of goods, materials, or services required to deliver on your order before you receive payment. Once the order is completed and your client pays, you repay us. It’s not a traditional loan with monthly instalments , it’s a short-term advance, tailored to the transaction, designed to help you deliver on big opportunities without cash flow constraints.
How Purchase Order Funding Works
After you apply for Purchase Order Funding, our team will evaluate the purchase order and your plan to fulfill it. We look at factors like the credibility of your end-customer, the supplier quotes, and the profitability of the deal. Once approved, we quickly disburse funds to pay your suppliers (or sometimes directly to you for specific project costs). For example, we can pay vendors for materials, release funds for logistics or even help with payroll if those staff are needed to deliver the order. You then deliver the goods or services to your client as agreed. When your client accepts and pays the invoice for the order, Unum Credit receives the repayment of the advance plus our fee or profit share. Any remaining profit is yours to keep – you’ve completed the job successfully without draining your reserves.
Why use Purchase Order Funding
Bigger Opportunities
Take on large purchase orders or tenders without hesitating. We remove the financial roadblocks, empowering you to grow your business by landing bigger clients and contracts.
Maintain Cash Flow
Preserve your day-to-day working capital. We cover the specific order costs (e.g. supplier invoices, raw materials, logistics) so your existing cash can continue to fund your ongoing operations.
Pay When You Get Paid
One of the biggest reliefs is that you only repay Unum Credit once your client pays you. There are no burdensome interim payments. If your client’s payment term is 30 days or 60 days, that’s when we get paid back. This aligns perfectly with your cash flow, you’re not out of pocket at any point.
Key Benefits of Unum’s Purchase Order Funding
If you’re sitting on a valuable purchase order but lacking the funds to get started, Unum credit’s Purchase Order Funding is the lifeline you need. Don’t risk losing the order or damaging your reputation by delivering late. Let us finance the upfront costs so you can focus on delivering great work. Apply for Purchase Order Funding now and turn that big opportunity into reality.
Up to 100%
Up to 100% of order costs funded (so no out-of-pocket strain for you).
Fast approval
Often within 48 hours, because we know you have deadlines to meet.
SMEs & start-ups
Available to SMEs and startups that have credible orders, even if banks have turned you away. If you have a solid deal, we want to fund it.
Expert support
From verifying that your purchase order is legitimate to advising on the fulfilment process, our team’s experience is on your side. We also implement rigorous checks to protect you from “dodgy” or fraudulent supplier situations that sometimes target small businesses.