PO Financing for Binghampton businesses
An inner-city neighborhood along Broad Avenue and Tillman Street where small manufacturers, woodworking and metal shops, print studios and contractors work from older industrial buildings and bill distributors and developers on net terms. National Invoice Factoring provides purchase order financing to companies operating in Binghampton, advancing up to 100% of supplier costs so payroll, materials and growth aren't gated by your customers' payment terms.
Manufacturing is among the sectors most active here, and it is a textbook case for PO financing: customers pay in 45–90 days from OEMs and distributors, while wages and suppliers do not wait. AR financing unlocks cash tied up in shipped orders, while PO financing can fund materials for large new contracts.
We work across Memphis and the rest of Tennessee, so a facility set up for your Binghampton operation covers additional locations without a new application.
How it works in Binghampton
- 1.Win the order. You receive a purchase order from a creditworthy commercial or government customer.
- 2.We pay your supplier. We issue payment or a letter of credit directly to your supplier for up to 100% of the cost.
- 3.Goods are delivered. Your supplier ships to your customer, and you invoice upon delivery.
- 4.Settle and keep the margin. Your customer pays, we deduct our fees, and you keep the profit.
Why Binghampton companies choose National Invoice Factoring
- Accept orders far larger than your cash on hand
- Up to 100% of supplier costs covered
- Domestic and overseas suppliers, including letters of credit
- Pairs seamlessly with AR financing on delivery
- Approval based on the transaction, not your balance sheet
- No equity dilution
Who qualifies
- You resell finished goods (no heavy in-house manufacturing)
- Confirmed, non-cancellable PO from a creditworthy customer
- Gross margin of roughly 15% or more on the deal
- Reliable supplier with a delivery track record
What Binghampton businesses need to apply
Applying takes about ten minutes. Most Binghampton companies already have everything on this list, and nothing here affects your personal credit score.
- The confirmed, non-cancellable purchase order from your customer
- Your supplier's quote or pro-forma invoice
- A cost breakdown showing your gross margin on the deal
- Articles of incorporation and your EIN
- Supplier references or a delivery track record
