7. What type of business can use Purchase Order Financing?
7. What type of business can use Purchase Order Financing?
Purchase Order Financing is used by manufacturers, distributors, importers, and exporters. It can be used for payments to third-party suppliers for goods, issuing letters of credit, and for making payments for direct labor, raw materials, and other directly related expenses. Current customers are in the following industries:
- Apparel
- Food (non-perishable)
- Promotional Items
- Consumer Products
- Electronics
- Sportswear
- Sports Equipment and many more
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