WORK ORDER FINANCING:
WORK ORDER FINANCING is designed for growing businesses that want to fulfill large orders. It is a SHORT-TERM commercial finance option that provides capital to pay suppliers upfront for verified purchase orders.
Typically, when a business has little access to working capital or does not want to deplete its cash reserves; Work Order Financing allows companies to accept unusually large orders and adjust the loan basis up/down quickly to meet its needs.
Funding Range: INR 10 Lakhs to INR 5 Crores
Term Range: 3-12 Months
Interest Rate: 15-18%
Security Required: Escrow of PO Receivables