Our client received their first purchase order which they were unable to fulfil because of insufficient cash flow. As a new business, they were unable to secure a bank loan or credit.
Our client had never handled order procurement and delivery before, and were unfamiliar with the management processes required.
When the founder and CEO, Khotso, first began his small business, limited cash flow and no access to traditional credit lines made fulfilling his first ever purchase order, a large government tender, difficult. In 2020 he approached Sourcefin for assistance with cash flow for order fulfilment. Initially, he only required financial assistance with stock procurement but soon extended his partnership with Sourcefin to include assistance with stock delivery and logistics management.
Sourcefin was able to process and approve our client’s application for funding swiftly and efficiently. Within 48 hours, they had the capital they needed to complete the order. Since Sourcefin’s initial funding, our client has since accepted and fulfilled larger, more valuable orders with the profit they made off of their initial order.
Sourcefin quickly released the funds needed to successfully fulfil their first purchase order.
Sourcefin’s extensive experience in order management helped oversee procurement and delivery of their order.
Sourcefin provides ongoing assistance to our client as their operations scale with their business growth.
The time it took for Sourcefin to process application for funding.
Access to the funds they required as soon as their application was approved by Sourcefin.
The time it took our client to receive their funds from the time of application submission.
The age of our client when they first approached Sourcefin for cash flow assistance.
By partnering with Sourcefin, our client was able to receive the funds needed to overcome the cash flow challenges halting their operations and swiftly fulfilling their first purchase order. Leveraging Sourcefin’s experience in stock procurement and delivery, they were also able to receive and ship the order without delay or hassle.
Since working with Sourcefin, they have scaled their business operations, accepting and servicing higher-value orders, and have successfully bid for and won larger tenders.
Co-Founder and Director
Working with Khotso proved to us that what we do at Sourcefin has a real impact on the growth of small businesses. By sharing our expertise on procurement and delivery as well as our financial services, we were able to work together to achieve Khotso’s goals,” says Josh. “Seeing an entrepreneur gain valuable business skills and grow their business into a venture that can take on bigger projects is what motivates us. We want to be the people that small businesses know they can call when they just need someone in their corner who believes in their ideas.
