We provide fast, low rate, and easy PO financing to a full range of automobile suppliers with our working capital programs tailored to meet your specific needs.
What type of auto supplier is purchase order financing suitable for? Here are a few examples:
- Selling to supply stores such as Advance Auto Parts, AutoZone, etc
- Importing tires
- Selling parts to dealerships
- Distributing parts
- Tier 2 or 3 supplier to the major car manufacturers such as Ford or Toyota
Let’s say you are an automotive manufacturing or supplier company showing modest growth. Then you get a new contract that requires you to add more employees, inventory, and equipment to produce the goods. Also, with lead times and the time it takes your clients to pay, it could 90 days or more before you receive the payment. How do you stay afloat? A bank loan is often not a possibility.
Our PO financing company has both owned and funded manufacturing companies. This translates into a hands-on, real experience with funding auto supplier companies like yours; allowing you to work with a PO funding company that understands your special needs and requirements. Getting the job done can require sophisticated knowledge of how the industry works. Completing a deal might include vendor guarantees, letters of credit, cash against documents, or perhaps supply chain financing. We care about your company, get to know your funding needs, and create a financing package that provides success.
