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Sourcefin is a financier, specialising in providing purchase order funding for SMMEs who require a cashflow advance or sourcing support to deliver on their next PO.
Enabling SMMEs is at our core, and we are dedicated to helping small businesses deliver on their purchase orders successfully and grow their business.
Although we specialise in purchase order funding, we do offer invoice discounting should you need funding and have an invoice that is expecting payment. In some cases we offer facilities for general cash flow support.
We build lasting partnerships with a simple application process, smart approval, and seamless advance that supports your business growth. We strive to make every application work because we want to build a lasting business relationship with you instead of once-off funding.
Although it seems that way, we do exist and are ready and willing to partner with you to scale your business.
Purchase Order Funding, or PO Funding, is a financial solution that helps businesses fulfil large purchase orders by providing the necessary funds to cover production and delivery costs before the customer pays.
Purchase Order Funding is also known as PO Funding, Purchase Order Finance, PO Finance, and Tender Funding. These terms are often used interchangeably to describe the process of securing funds based on confirmed purchase orders.
Purchase Order Finance involves a lender like Sourcefin advancing funds based on a confirmed purchase order. This financing covers supplier costs, ensuring timely delivery and payment once the order is fulfilled.
Tender Funding, also known as Tender Finance, helps businesses secure government and large corporate contracts by providing upfront capital to meet tender requirements, ensuring smooth project execution and cash flow management.
PO Finance is ideal for small to medium-sized businesses experiencing cash flow challenges when fulfilling large orders. It helps maintain business growth without financial strain and improves the chances of being awarded more purchase orders.
Sourcefin offers comprehensive PO Finance solutions, including funding, sourcing, and logistics support, ensuring successful order delivery and business growth. We also provide tender funding to help businesses secure and complete significant projects.
It depends on a number of factors, including the value of the purchase order, the cost to deliver, the time the money will be out and the general complexity or risk related to the deal. We evaluate each application individually, and assign a fee based on the aforementioned factors.
To qualify for PO funding, you will need to provide some or all of the following documentation:
Eligibility for PO Funding typically requires a confirmed purchase order from a creditworthy customer, a viable business plan, and the ability to fulfil the order within the specified timeframe. Importantly, the purchaser or end buyer should be able to pay the full amount due on time.
Not necessarily. Remember, the money advanced to you is specifically to deliver on a purchase order. Therefore, the money advanced to you is secured by the value of a valid, successfully delivered PO. We do consider credit history during our application process, to ensure we are satisfied that no significant risk factors are present.
Sourcefin aims to approve the deal within 48 hours. However, the timeframe for receiving PO Funding can vary. Many businesses can secure financing within a few days to a week, depending on the lender's processes and the complexity of the order.
Tender Finance can cover various costs, including supplier payments, manufacturing expenses, logistics, and other project-related costs, ensuring that businesses can meet tender requirements effectively.
PO Funding helps improve cash flow by providing the necessary funds upfront to fulfil purchase orders, ensuring that businesses do not face cash shortages during critical operations.
PO Funding is not a traditional loan. Instead, it is an advance based on a confirmed purchase order, meaning repayment is typically tied to the completion and payment of the order. When you partner with Sourcefin, for example, they only receive payment once you receive payment.
Industries that frequently benefit from Purchase Order Finance include manufacturing, wholesale, distribution, and retail, especially those dealing with large volume or high value orders.
Sourcefin doesn’t help with the purchase order application process. Instead, we give you the peace of mind to apply for orders that you may have felt you couldn’t apply for in the past due to insufficient funding or sourcing support. Once you have received a purchase order, Sourcefin can support you source, fund and deliver on time, every time. We'll partner with you for growth.
If you have multiple purchase orders, then you can submit more than one application at the same time. However, if this is your first time working with Sourcefin, we suggest starting with one application to see if you qualify. If you have been awarded multiple purchase orders for the same client, we can consider bundling them into a single facility and support you deliver on each of them.
Yes, you are encouraged to submit an application to Sourcefin, and will we do everything we can to make it work. This is our promise.
We typically provide funding on orders requiring an advance amount of more than R250,000, however in certain situations we can support on orders requiring more than R100,000 provided your business earns more the R1 million per year, or holds a net asset value exceeding R1 million. We offer funding up to R100 million
Ensure you have been awarded a purchase order, that there is sufficient margin for a financial partner to support you and provide all information requested during the application process. Providing us with additional information such as your business bank statements and financial statement during the application process may increase the speed and likelihood of us approving your application and may result in a more favourable pricing of the advance we provide.
If you provide all of the information we require during the application process, then we will be able to provide an answer in as little as 24 hours.
While we specialise in supporting SMMEs delivering on South African government purchasing orders, we are able to fund corporate order as well. Please click here to see if we’re the right fit and get started on your application.
Payment is made directly to your supplier and timed to ensure that the items purchased will be delivered to your client on time, every time.
This varies based on purchase order value, costs and deal complexity. We personalise our cost of credit based on these factors.
We tend to fund deals that require an advancement of more than R250,000. In some cases we can support on deals requiring more than R100,000 provided your business earns more than R1 million per year or holds a net asset value of more than R1 million. We can fund purchase orders up to R100 million.
Sourcefin never charges hidden fees and always remains transparent about procedures and costs. We ensure that you are in control of all of your financial decisions by providing you with all of the information you need when it comes to costing.
Sourcefin is a financier, specialising in providing purchase order funding for SMMEs who require a cashflow advance or sourcing support to deliver on their next PO.
Enabling SMMEs is at our core, and we are dedicated to helping small businesses deliver on their purchase orders successfully and grow their business.
Although we specialise in purchase order funding, we do offer invoice discounting should you need funding and have an invoice that is expecting payment. In some cases we offer facilities for general cash flow support.
We build lasting partnerships with a simple application process, smart approval, and seamless advance that supports your business growth. We strive to make every application work because we want to build a lasting business relationship with you instead of once-off funding.
Although it seems that way, we do exist and are ready and willing to partner with you to scale your business.
Purchase Order Funding, or PO Funding, is a financial solution that helps businesses fulfil large purchase orders by providing the necessary funds to cover production and delivery costs before the customer pays.
Purchase Order Funding is also known as PO Funding, Purchase Order Finance, PO Finance, and Tender Funding. These terms are often used interchangeably to describe the process of securing funds based on confirmed purchase orders.
Purchase Order Finance involves a lender like Sourcefin advancing funds based on a confirmed purchase order. This financing covers supplier costs, ensuring timely delivery and payment once the order is fulfilled.
Tender Funding, also known as Tender Finance, helps businesses secure government and large corporate contracts by providing upfront capital to meet tender requirements, ensuring smooth project execution and cash flow management.
PO Finance is ideal for small to medium-sized businesses experiencing cash flow challenges when fulfilling large orders. It helps maintain business growth without financial strain and improves the chances of being awarded more purchase orders.
Sourcefin offers comprehensive PO Finance solutions, including funding, sourcing, and logistics support, ensuring successful order delivery and business growth. We also provide tender funding to help businesses secure and complete significant projects.
It depends on a number of factors, including the value of the purchase order, the cost to deliver, the time the money will be out and the general complexity or risk related to the deal. We evaluate each application individually, and assign a fee based on the aforementioned factors.
To qualify for PO funding, you will need to provide some or all of the following documentation:
Eligibility for PO Funding typically requires a confirmed purchase order from a creditworthy customer, a viable business plan, and the ability to fulfil the order within the specified timeframe. Importantly, the purchaser or end buyer should be able to pay the full amount due on time.
Not necessarily. Remember, the money advanced to you is specifically to deliver on a purchase order. Therefore, the money advanced to you is secured by the value of a valid, successfully delivered PO. We do consider credit history during our application process, to ensure we are satisfied that no significant risk factors are present.
Sourcefin aims to approve the deal within 48 hours. However, the timeframe for receiving PO Funding can vary. Many businesses can secure financing within a few days to a week, depending on the lender's processes and the complexity of the order.
Tender Finance can cover various costs, including supplier payments, manufacturing expenses, logistics, and other project-related costs, ensuring that businesses can meet tender requirements effectively.
PO Funding helps improve cash flow by providing the necessary funds upfront to fulfil purchase orders, ensuring that businesses do not face cash shortages during critical operations.
PO Funding is not a traditional loan. Instead, it is an advance based on a confirmed purchase order, meaning repayment is typically tied to the completion and payment of the order. When you partner with Sourcefin, for example, they only receive payment once you receive payment.
Industries that frequently benefit from Purchase Order Finance include manufacturing, wholesale, distribution, and retail, especially those dealing with large volume or high value orders.
Sourcefin doesn’t help with the purchase order application process. Instead, we give you the peace of mind to apply for orders that you may have felt you couldn’t apply for in the past due to insufficient funding or sourcing support. Once you have received a purchase order, Sourcefin can support you source, fund and deliver on time, every time. We'll partner with you for growth.
If you have multiple purchase orders, then you can submit more than one application at the same time. However, if this is your first time working with Sourcefin, we suggest starting with one application to see if you qualify. If you have been awarded multiple purchase orders for the same client, we can consider bundling them into a single facility and support you deliver on each of them.
Yes, you are encouraged to submit an application to Sourcefin, and will we do everything we can to make it work. This is our promise.
We typically provide funding on orders requiring an advance amount of more than R250,000, however in certain situations we can support on orders requiring more than R100,000 provided your business earns more the R1 million per year, or holds a net asset value exceeding R1 million. We offer funding up to R100 million
Ensure you have been awarded a purchase order, that there is sufficient margin for a financial partner to support you and provide all information requested during the application process. Providing us with additional information such as your business bank statements and financial statement during the application process may increase the speed and likelihood of us approving your application and may result in a more favourable pricing of the advance we provide.
If you provide all of the information we require during the application process, then we will be able to provide an answer in as little as 24 hours.
While we specialise in supporting SMMEs delivering on South African government purchasing orders, we are able to fund corporate order as well. Please click here to see if we’re the right fit and get started on your application.
