{"id":39,"date":"2020-12-10T15:01:01","date_gmt":"2020-12-10T15:01:01","guid":{"rendered":"http:\/\/www.phoenixfinancialco.com\/blog\/?p=39"},"modified":"2020-12-10T15:01:01","modified_gmt":"2020-12-10T15:01:01","slug":"financing-purchase-orders-at-phoenix-financial-company","status":"publish","type":"post","link":"https:\/\/www.phoenixfinancialco.com\/blog\/2020\/12\/10\/financing-purchase-orders-at-phoenix-financial-company\/","title":{"rendered":"Financing Purchase Orders at Phoenix Financial Company"},"content":{"rendered":"\n<p>Although&nbsp;<strong>Purchase Order Finance<\/strong>&nbsp;is usually considered a method of financing imports, it is actually just as likely to be used to finance domestic transactions.&nbsp; It is a very potent financial tool for small manufacturers as well as distributors who are growing their business rapidly.<\/p>\n\n\n\n<p><strong>Purchase Order Finance<\/strong>&nbsp;answers the question&#8230;<em><strong>&#8220;What do I do if I get an order that is so large I don&#8217;t have the money to manufacture it.?&#8221;&nbsp;&nbsp;<\/strong><\/em><strong>Purchase Order Finance<\/strong>&nbsp;often provides a ready solution.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Purchase Order Finance Works<\/h2>\n\n\n\n<p>To utilize the ready financing provided through Purchase Order Finance, you simply must&#8230;<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"150\" src=\"https:\/\/phoenixfinancialco.com\/images\/PurchaseOrderMid.gif\" width=\"300\"><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Firm Order:<\/strong>&nbsp;Have a firm order for goods from a very creditworthy customer.<\/li><li><strong>Manufacturing History:<\/strong>&nbsp;Have the proven ability (history) of being able to manufacture the goods or be able to purchase those goods from a reliable manufacturer.<\/li><li><strong>Meet Specifications:<\/strong>&nbsp; Be able to meet the manufacturing specifications and delivery terms defined in the purchase order.<\/li><li><strong>Take Out Financing:<\/strong>&nbsp; Have financing or a payment arrangement in place to &#8220;take out&#8221; the purchase order finance company once the goods are delivered to the customer.&nbsp; (This is usually arranged through a factor)<\/li><\/ul>\n\n\n\n<p>Typically, a<strong>&nbsp;Purchase Order Finance Company<\/strong>&nbsp;will post a letter of credit for the manufacture and delivery of the goods to meet the purchase order.&nbsp; It oversees the manufacture and shipping of the goods, making sure they meet specifications.&nbsp; Once the goods are delivered, the customer is then invoiced, the invoice is factored, and the factor pays off the purchase order finance company out of the initial invoice advance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financing for Offshore Manufacturing<\/h2>\n\n\n\n<p><strong>Purchase Order Finance<\/strong>&nbsp;is commonly utilized by manufacturers and distributors who manufacture offshore.&nbsp; It is one of several very powerful export \/ import financial tools that allow small business operators who contract manufacture overseas to compete for very large orders from major retailers&#8230;orders they typically would not be able to compete for without this method of finance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Find Out More<\/h2>\n\n\n\n<p>At\u00a0<strong>Phoenix Financial Company<\/strong>, we have broad expertise in the various financing areas of export trade and\u00a0<strong>Purchase Order Finance<\/strong>.\u00a0 Want to find out more?\u00a0\u00a0Contact us\u00a0for a no-obligation consultation or simply complete our\u00a0online application.\u00a0 You may be just days away from the alternative financing your business needs and deserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although&nbsp;Purchase Order Finance&nbsp;is usually considered a method of financing imports, it is actually just as likely to be used to finance domestic transactions.&nbsp; It is a very potent financial tool for small manufacturers as well as distributors who are growing their business rapidly. Purchase Order Finance&nbsp;answers the question&#8230;&#8220;What do I do if I get an &#8230;.&nbsp;&nbsp;<a class=\" special\" href=\"https:\/\/www.phoenixfinancialco.com\/blog\/2020\/12\/10\/financing-purchase-orders-at-phoenix-financial-company\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-39","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":1,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions\/40"}],"wp:attachment":[{"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phoenixfinancialco.com\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}