Purchase Order Financing
For Your Production Needs
Free your working capital
Effective Solution to Pay Your Suppliers
The client exports readymade garments and accessories, serving 300,000+ customers. Due to the constraints of bank financing, the business needs more working capital to grow at the expected level..
Based in Hong Kong and the US, with suppliers from Bangladesh and India
The client was working with their long-term buyers in the US under export Letter of Credit terms.
However, the complex transaction pattern with banks was blocking working capital both at the buyer’s and supplier’s end.
Velotrade’s back-to-back purchase order finance limit against invoice discounting enabled the company to grow their business with established buyers.
The client’s business volume has since been growing due to no upfront bank limit requirements at buyer’s end.
number of invoices financed in 5 months
This smooth injection of liquidity is being used for business expansion, early payments to factories for raw materials, and new production units development.
Accelerate Production Cycles
Owning 6 factories in Southern Vietnam, the client sources fresh rice from local farmers and sells it to big exporters. Financing is needed to scale up the procurement.
Based in Vietnam
It takes 1-3 months to finish the production to fulfil the agreed quantities.
The buyer only deposit 5-10% and no further payments are expected until goods are well-received.
Despite having bank loan facilities, the client is looking for financing to take more orders.
buyers are top 10 rice exporters
annual turnover in USD
50% of the purchase orders are financed by Velotrade, while the bank funds the rest. Velotrade’s solution works perfectly as an add-on to the bank’s financing.
This helps the client increase production during peak seasons.
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