Content area
Full text
Financial companies that deal in purchase order (PO) financing, which is a segmented product for a certain need and niche, serve a useful purpose in the right situation.
The short-term financing method-deals usually are completed in 120 days or less - isn't a replacement for traditional lending, but a supplementary option that provides quick availability of large amounts of working capital without requiring the borrower to sacrifice equity or operational control. The terms vary. Lenders charge between one point to three points on the money for 30 days.
In...