What is Purchase Order Funding?

Hey! You got to this page because you tried to apply for funding but do not have a purchase order.

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. Furthermore, your margins for the Purchase Order should be atleast 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:

  1. 51% black Owned
  2. 20% or more margin on your purchase order
  3. 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 R50000, then we charge a flat rate of R3000 (plus VAT) in order to facilitate you with capital to execute 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.

Please also note that for the duration of the COVID-19 crisis, we have decided to relax our 51% black owned requirement for companies. Any company providing an essential service will be able to access funding from The People’s Fund.

 

 

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