Hey! You got to this page because you tried to apply for funding but do not have a purchase order.
What is a purchase order?
Now that we’ve established what a purchase order is, let’s get into what we at The People’s Fund do…
We provide capital to businesses with purchase orders for the supply of goods to government and corporate. We pay your suppliers directly once approved and ensure delivery of goods to your client. We do purchase orders funding where the project period is not be more than 60 days from the date of your supplier being paid until you make a full repayment. Furthermore, your margins for the Purchase Order should be at least 20% (unless your purchase order is for R50 000 and less).
If your project fits this scope and your business meets the criteria below, please click on Re-Apply:
- 51% black Owned
- 20% or more margin on your purchase order
- Require capital to execute on purchase order
Depending on your margin, please note that we currently charge from 6% of the total purchase order value (plus VAT) in order to facilitate you with capital to execute your purchase order. However, if your total purchase order value is less than R50 000, then we charge a flat rate of R3 000 (plus VAT) for having provided you with the funds to fulfil your purchase order. If you would like to get an estimate of what you will have to pay back should you apply for funding, please click here
NB!! If you have never worked with the client, we are willing to review your purchase order if it is with one of our preferred End Clients which can be found by Clicking Here.