Purchase order finance bridges the gap between order and payment and has the advantage of being faster and easier to obtain than a traditional bank loan. A purchase order loan is based on the creditworthiness of your buyer (customer) and your business.

A typical purchase order finance deal will cost from around 3% of the purchase order amount to 8% of the purchase order amount.

Supply and delivery of goods –  For these types of purchase orders, the level of experience needed will be determined the complexity and value of the purchase order, in some cases very little experience is required for the execution of the purchase order. 

Typically, SMEs who have been trading for longer than 6 months, dealing in tangible goods, who have a valid purchase order. The business should have a clear trading history and a proven track record in its industry.

1. Step 1:  Click on the "Apply Now" button and complete the application form.
2. Step 2: Submit supporting document e.g. Purchase Order, Registration Documents, Tax Clearance Pin and Director(s) ID Copies
3. Step 3: Our funding specialists will verify your purchase order and conduct a credit worthiness analysis before approving your purchase order funding.
4. Step 4: Once approved we will send an online purchase order funding offer for your approval and signature.
5. Step 5: We will make payment directly to your nominated bank account or directly to your suppliers. 
6. Step 6: Once your client make payment, we will debit your account with the original capital amount and interest. The remaining balance will be paid directly into your bank account.

Our process is designed for speed and efficiency. After submitting your application and required documents, you can expect a preliminary assessment within 48 hours. Once approved, funding is typically provided in as little as 7-10 business days, depending on the complexity of the transaction.

To apply, you'll need your company’s registration details, the latest financial statements, details of the purchase order(s) you wish to finance, and information about your supplier and client. Additional documentation may be requested based on your specific circumstances.