Promotional Finance is used by companies that manufacture, import or distribute promotional products to other businesses. This type of financing is used to bridge the gap between buying raw materials and components from suppliers to delivering products and awaiting payment from customers. Promotional Finance can be used by importers that need to make financial commitments to suppliers prior to the goods being manufactured, or manufacturers that need working capital to fund operations.
The most common type of promotional funding are:
- Asset Based Lending
- Purchase Order Finance
- Invoice Factoring
- SBA Loans
- Cash Flow Loans
The type of financing that will be right for your company will largely depend on the Company's production needs, length of time in business and creditworthiness of the business. More established companies can benefit from Asset Based Lending and Cash Flow Loans. Newer companies can utilize Purchase Order Finance and Invoice Factoring to deliver larger orders and build creditability with customers and suppliers.
Promotional companies that utilize overseas contract manufacturers can benefit greatly from PO Financing. Provided that you have a purchase order from a credit worthy buyer, you can utilize PO Finance to pay vendors for the related product. This allows your Company to take more orders without committing additional cash resources.
While there are several forms of promotional finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.
Call us now at 855-424-2958 to discuss your promotional finance options! Or fax us at (855) 450-0885.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies