How Purchase Order Financing Works
You receive a PO from your customer; you need to order product or goods from your supplier.
You submit a PO to your supplier for the goods you want; the supplier sends you back a formal quote/invoice for the product.
inFactor ensures the invoice from the supplier is correct and that the open PO with your customer is valid.
inFactor advances the amount of capital necessary to fund the supplier’s invoice within 24 hours of PO Funding submission.
Your customer receives the goods and you submit an invoice for the product to your customer and inFactor.
inFactor confirms the invoice and product has been received.
inFactor closes out the PO Funding and advances up to 95% of the invoice to you!