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PSH Finance
Purchase / Tender Order Finance
Purchase order funding or Tender Order Funding allows your business to pay suppliers for goods or services that you have agreed to resell or distribute to customers who have completed a written purchase order. Purchase order funding allows you to make upfront payments to your supplier to deliver goods or services or for you to manufacture goods based on the purchase order received from your customer.
This PO funding assistance is available from as little as a minimum of R5,000.00 to a maximum R2,000,000.00
Benefits
Purchase order funding is an ideal way to help your business grow without taking on bank debt or selling equity in your company. If sales outpace your incoming cash flow then purchase order funding can be used to fulfil a new customer order.
Qualifying Criteria
Stay in the Know
In order to qualify for purchase order funding with PSH SME Assistance you must sell goods or services to business or individual at a minimum profit of 20%. Our preference is Business to Business or Business to a Government transaction.
The funding is based on your customer’s ability to pay for the order in a timely manner. A review is done of the main aspects of the transaction, including a review of the supplier to ensure that they have the reputation and capability to deliver the ordered products.
​Step By Step Process
Send us a signed copy of the purchase order or signed appointment letter or contract, and supplier agreement or Pro-forma supplier invoice or quotation that requires the funding.
We shall ask you to send us certain information regarding your business to conduct an overall review of your business and the transaction at hand.
After we have all necessary information and documents we will notify you of the approval of the purchase order transaction and any other securities needed.
We will ask you to write a request letter with your business bank account where the money should transferred to, this request must be signed by the director(s) of the company.