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Purchase Order Financing Site Highlighted in Entrepreneur Magazine
Purchase Order Financing Site Highlighted in Entrepreneur Magazine
Shaw Capital Management and Financing - Financing professional Dan Casey’s PurchaseOrderFinancing.com has been cited as an example of a lending option for small businesses.
Baltimore,
Maryland,
United States of America
(prbd.net)
13/01/2011
Shaw Capital Management and Financing - Financing professional Dan Casey’s PurchaseOrderFinancing.com has been cited as an example of a lending option for small businesses.
Shaw Capital Management and Financing sharing information, tips and advice on factoring and accounts receivable financing and factoring to avoid scams and other fraudulent transactions. Information focus on the importance of choosing the right firm and understanding the intricacies of this financing alternative and what pitfalls to avoid.
The February 2010 issue of Entrepreneur magazine has singled out PO finance leader PurchaseOrderFinancing.com as an example of one of several commercial financing options available to small businesses short on cash or credit. Feature article “What To Do When the Bank Pulls Your Line of Credit” lists a number of options – including community banks, credit unions, and other alternative sources – with examples of specific providers of each. (Article page 42, company citation page 47.)
“We’re delighted that a prestigious publication like Entrepreneur has mentioned our company as a go-to source for our kind of commercial financing,” says company founder and CEO Dan Casey. “It’s an honor.”
Dan’s company provides businesses with the additional working capital they need to take advantage of large-order sales opportunities. Purchase order financing enables such transactions by leveraging the finances of the client's potential customer, not those of the client itself.
Casey explains, "What our clients all have in common is the ability to demonstrate a business opportunity with the promise of profit. We base our approval on that profit potential - not on the current balance sheet. How it works is we open a Letter of Credit to pay the suppliers, so our clients can take on the job without having the capital themselves." He goes on to state that his company can secure up to 100% financing of up to $25 million, usually within 7 to 14 days. The site features a broad range of topic pages to help businesses unfamiliar with PO financing such as:
Purchase Order Financing Blog - News and updates from the PO financing industry
What is Purchase Order Financing - General overview of the PO funding process
Apparel PO Financing - Detailed overview of funding options for the apparel and garment industries
Government PO Financing - Information on the online government contract marketplace and the available options for funding.