Haskin Capital Group : Service Portfolio
Purchase Order Financing Program
Our Purchase Order Financing Program has been obtaining purchase order and contract financing for small to medium middle-market companies nationwide since 1980. Since 1980 we have obtained more than $100 million of capital to private companies worldwide. Our focus is centered on building our client companies profits and creating long term value for equity holders.
Purchase Order / Contract Financing
Haskin Capital provides Purchase Order/Contract Financing to manufacturers, distributors, importers, exporters and other companies needing short term working capital.
If your Purchase Orders and Contracts are strong and profitable, and as long as your production and shipments will be on time, we can obtain the funds to produce these orders.
In the past it was hard to find financing for these orders due to lack of collateral, however, Haskin Capital specializes in getting you funding on this piece of collateral you do have.
Haskin Capital will get your Purchase Orders and Contracts financed thus keeping your existing relationships intact. If Accounts Receivable Financing is needed, Haskin Capital will provide the funds enabling you to continue building your own portfolio.
The staff at HCG are financial professionals and are committed to understanding your business better than you ever thought your banker would. At HCG we look beyond your companies financial statement. This gives us the opportunity to determine the accurate value of how EQUITY/DEBT FUNDS will enhance your business.
Purchase Order Financing Example
One of our clients had a problem receiving their product for a very large order.
We contacted our direct lending source who immediately realized that our client had an excellent potential for immediate short time growth. Our purchase order financing program would be the solution. This client was in a relatively early stage in the electronic business and had the opportunity to sell their product to many chain stores.
Our client received several purchase orders to initially test their items in regional stores. The problem arose because the chains sold through much faster than anticipated and immediately opened up conversations with our client to expand the line and the quantities purchased into large national programs.
The client’s hard work in developing its line of products, designs and quality along with cultivating the relationships with its customers had now paid off. The only thing separating them from the opportunity to significantly grow their company was the limited balance sheet to support the future growth. Our direct lending funding came up with the perfect import solution.
A proposal was issued and upon acceptance immediately moved forward with our due diligence. In the meantime OUR CLIENT WAS ABLE to establish their relationship with our organization and provide liquidity on the existing receivables allowing them to fill their initial orders which was a victory for all.
However as we predicted, the rapid plan came quickly as our client and its customers solidified a national roll out plan which included additional lines and quantities. The large orders led to much larger letter of credit and credit needed in order to manufacture and import the inventory necessary to fulfill the orders.
Working in conjunction with our funding source, a letter or credit was issued to the factory to support the production of the products that would be needed to fulfill some $400,000 of initial new orders as the product arrived in the U.S. Our funding source worked with the companies freight and logistics provider and made payments for related freight and duties. As a result of the funding our client was able to grow their existing supply program and expand their product offering into additional stores across the country.
Our funding source now has a facility in place to support any future sales opportunity and as our client continues to grow its business together we all will enable our client to reach its full growth potential.
Important: If you are serious about securing funding, please contact us. We look forward to earning your business.
Also, Brokers/Consultants are welcomed, appreciated, and protected!