Forums: Discussions for entrepreneurs and small business.

Hey all,

I`ve recently received a government purchase order for roughly 10,000 worth of IT equipment.  I`m trying to find someone to finance my purchase of this equipment (roughly 9,000). It`s a short-term loan (less than 45 days).  Any suggestions as to where I can find 9K for a short-term deal?

Thanks!

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Bob Henline
Managing Partner
YourSourcePro - your dedicated purchasing agent!
bob@yoursourcepro.net
http://www.yoursourcepro.net

If you have the letter in hand awarding you the contract, I should think your local SBA office would be the first place to start.  

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DeBorah Beatty The Rainbow Factory, www.tiedye2000.com

Purchase order financing can be used to finance the cost of producing goods or services.  You need to combine it with accounts receivable financing to ensure the purchase order financier is re-paid with interest at the date the goods are shipped and invoiced. 

Purchase order financing is a bit on the expensive side - you need to have profit margins of at least 15% to justify its use. 

I`ve written an article entitled "Purchase Order Financing - A Tool for Explosive Growth" which can be found on my blog at http://marshall-showmethemoney.blogspot.com/2006/06/purchase -order-financing-tool-for.html 

 

 

Or check prosper.com (which was profiled a little while ago on SuN). It`s an interesting community driven loan site.