BizFunding offers business funding for purchase orders in South Africa.
We go beyond finance – partnering with businesses to help them fulfil orders and contracts.
How our purchase order funding works
At BizFunding, we offer a simple online application process that’s followed by a funding proposal tailored to your specific business needs. Once an agreement is drawn up and signed, we start financing your business right away.
Our purchase order funding model is premised on three core factors.
1. Direct payments
We pay suppliers directly to expedite the output of the goods or services listed in the purchase order. That way, your business is assured of fulfilling the order on time and within budget.
2. Active business support
A team of highly skilled project management experts is consistently available to guide your business through the fulfilment process. We offer a hands-on partnership, focused on concluding deals that are profitable for both parties.
3. Easy one-off repayment
Unlike most loans, which you start paying back at agreed intervals from the first month, purchase order funds are only repayable once your business has been paid by the end user.
As the purchase order effectively backs the finance – and we work closely with your business in pursuit of a successful conclusion – no collateral or personal guarantees are required.
The reduced red tape allows for speedy and streamlined funding approvals, with applications typically processed within 72 hours.
Deciding if our funding is right for your business
If your business has received a purchase order but is struggling with cash flow constraints, purchase order funding can fill the gap.
By leveraging short-term finance to fulfil purchase orders, your business can expand its customer base, secure ongoing orders and grow profits.
Advantages of purchase order funding over bank loans
Key advantages of purchase order funding include:
- online applications and approvals
- quick turnaround times
- no monthly instalments
- limited paperwork
- active business support
- profit sharing model
- only pay back when you get paid.
What you need to secure business funding for a purchase order
Any business with a purchase order from a government department or large, reputable private company can secure funding through BizFunding.
The order must be valid and profitable for your business and ours in order to qualify for funding.
You must submit the required FICA documents to support your application.
The documents are then validated and, provided all is in order, a funding proposal is sent to you for consideration.
Getting finance for your purchase order: next steps
Unlocking business funding for purchase orders through BizFunding is quick, easy and effortless.
It is a paperless process backed by our expert consultants who know exactly how to secure the success and future growth of your business.
We offer purchase order funding of R50,000 up to R2 million.
Complete our online application form or call BizFunding on 012 001 0095 for more information.
