A starting point is to have a strong Purchase Order with a reputable buyer. This eases concerns over the validity & risk of non-payment from your buyer(s) once the product/service is delivered.
A key component of accessing financing is to demonstrate a thorough understanding of your costs, specific to this Purchase Order.
Although we can look to support companies at all stages, it is beneficial if the company has a financial history. This will help us determine the financial capabilities of the company rather than relying solely on a personal guarantee based on your Personal Net Worth Statement.
A Purchase Order that includes a product/service that has been proven and previously delivered is more likely to receive financing. There will be questions in regards to your ability, or your manufacturer(s) ability to deliver on such an order.
It is crucially important to understand the terms of your contract. This will help us in assessing potential risks on your Purchase Order. Some questions will be posed in regards to the transfer of ownership, the payment terms, any claw back clauses, etc.
Bolster Growth Capital will help you in assessing some of the risks on your contract, and recommending risk mitigating solutions that will protect you. The more you can mitigate the risks, the more likely you are to be successful in receiving funding.
To start the discussion and explore your options, please reach out to us at POfinancing@bolstergrowthcap.com
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