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Knowing the ins and outs of purchase order financing is an asset to almost any small or medium sized business owner. In the sections below you will learn just exactly what purchase order financing is, the benefits, drawbacks, who can benefit the most from it, and would be likely to qualify for it.What is purchase order financing?Purchase order financing is another way to get a loan for the capital you need to finance the supplies, production, and shipping of a product after you have received a purchase order from a buyer. You can pay your invoice to the company who provided you with funding, once you have produced the finished goods and are paid.Who can benefit from purchase order financing?- Purchase order funding is great for small to medium sized businesses who usually do not have the funds for large orders that could sky rocket their sales and turn their product into a household name. Image pitching your product to a major retailer, receiving an order from them, and then not being able to produce the goods needed because you are short on funds. purchase order financing could save you from this heart-breaking, and business-breaking, blow.What are the drawbacks of purchase order...more
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Dealing with the IRS can be one of the most difficult times in anyones life. What's frightening about the situation are the endless letters you receive in the mail threatening your home and well being. Occasionally they come in single envelopes. Most...more