Alternative Financing with the Help of your Purchasing Department — Bellwether
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The ebb and flow of business means that sometimes a traditional loan is not the best solution for an increase in captial. Maybe your business cannot qualify or maybe they do not have the time to go through the entire approval process; when opportunity presents itself quick action is sometimes necessary. Alternative financing options may include account receivable or purchase order financing. This infographic by Lendio contrasts the differences between AR and PO financing and should help you decide if either is a viable option for your small business.
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