Get quick & easy purchase order funding
Scale your business with end-to-end purchase order funding and support. Never say no to another order again.
Get funded in as little as 48 hours.
R2.8 bn already deployed to SMMEs
No upfront costs or hidden fees
We only get paid when you do
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Sourcefin was born to enable the forgotten South African SMME
Keep your business on track with two powerful funding options.
Purchase order
funding
- Open-minded funding
- Start-to-finish support
- A full-service funding solution
- Payment in as fast as 48 hours
Invoice
discounting
Eliminate your small to medium sized business’ cashflow concerns by financing your unpaid invoices.
- Payment in as fast as 24 hours
- Government & private invoices
- No hidden fees
- We get paid when you do
Trusted by businesses like yours
We are dedicated to providing funding and support you can rely on.
Why choose Sourcefin for purchase order funding?
Clear funding process
Expertise & proven success
We are specialists in PO funding and sourcing, committed to empowering SMMEs to succeed.
Excellent service
We understand your cash flow needs and do everything we can to approve your business funding requests.
End-to-end solutions
From funding to sourcing and logistics and everything in between, we’ve got you covered.
Find out if you qualify for our funding solutions.
FAQs
Here are the answers to some frequently asked questions about Sourcefin’s funding solutions.
What is Purchase Order Funding?
What is Purchase Order Funding? 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.
What is Invoice Discounting?
What is Invoice Discounting? Invoice discounting is a financial service that allows businesses to unlock cash tied up in unpaid invoices. It provides immediate working capital by advancing a percentage of the invoice value, improving cash flow and operational efficiency.
How does the application process work?
How does the application process work? Applying for funding with Sourcefin is straightforward. Fill out our application form, and get pre-approved in seconds. Shortly thereafter, a member of our team will reach out to help you finalise your application and to request all required documents.
For Purchase Order Funding, you’ll be asked to provide your identity document, purchase order, supplier quotes, bank statements, and tax compliance certificate.
For Invoice Discounting, you typically need to provide copies of your outstanding invoices, proof of delivery or services rendered, and basic business information.
You’ll receive a decision quickly to access the funds you need.
How long does qualification take?
How long does qualification take? 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.
How long does it take for you to release funding?
How long does it take for you to release funding? With Purchase Order Funding, 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.
With Invoice Discounting, businesses can access funds as quickly as 24 hours after submitting their invoices, providing a fast and efficient solution for cash flow management.
Can I submit an application if I was denied by another funder?
Can I submit an application if I was denied by another funder? Yes, you are encouraged to submit an application to Sourcefin, and we will do everything we can to make it work. This is our promise.
What are the costs associated with Sourcefin's funding?
What are the costs associated with Sourcefin's funding? With Purchase Order Funding, the percentage of profits charged by Sourcefin varies based on purchase order value, costs and deal complexity. We personalise our cost of credit based on these factors.
With Invoice Discounting, costs vary depending on the provider and specific agreement terms. With Sourcefin, there are no service fees. Interest is charged on the capital advanced.
Do you offer funding for any amount or order size?
Do you offer funding for any amount or order size? With Purchase Order Funding, 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.
With Invoice Discounting, we offer financing if the invoice is valid, legitimate, and over R320,000. Remember, there should also be sufficient evidence that the purchaser is able to pay for the work completed in full and on time.
