Millennium Funding News

Over the next few days hundreds of new consumer electronic products will be unveiled at the Consumer Electronics Show known widely as CES. Some of these will be shown off by established companies with ample capital to bring them to market. Some will be almost fresh out of an inventor’s garage or basement. Contacts will be made, deals will be done and most importantly many lucky businesses will walk away with coveted purchase orders for their new and existing products. Many times after large trade shows like CES we get calls from panicked entrepreneurs who have gotten a large purchase order and are scrambling to find capital produce and deliver their products.

One of the most rewarding parts of factoring accounts receivable is helping small businesses with this type of purchase order succeed. Our purchase order funding programs in conjunction with accounts receivable factoring solve these problems for businesses. Many entrepreneurs can’t get bank financing to fill these purchase orders, don’t have or don’t want to use their own capital to use to fill these purchase orders and don’t have access to other sources of business capital willing to finance this type of steep, sudden business growth. We are able to help get letters of credit opened, goods shipped, goods delivered, suppliers paid and invoices collected once these new purchase orders are filled. Our hands on, service oriented involvement in the purchase order to invoice collection process adds a great deal of value that can inspire reorders or other order opportunities for our clients. If your business has recently received a purchase order at the Consumer Electronics Show you need help financing call us today for a personalized explanation of how we can help your business.