SME suppliers to Defence can accept larger contracts with Purchase Order Finance

Landing a large defence contract should be cause for celebration, but what if it’s larger than you can handle? There are over 2,000 small and medium enterprises (SMEs) throughout Australia providing services such as software development, precision manufacturing and specialist engineering for the defence industry. Many of these businesses do not work directly with Defence, […]

Production Purchase Order Financing (Aka Work in Process Finance)

Production purchase order financing is a financing tool used by domestic manufacturers or assemblers. It’s used to procure the necessary components and/or raw materials to “make” or “build” a finished product either in their own facility or using sub-contractors. This differs from traditional Purchase Order Financing: The borrower is outsourcing manufacturing of the product. Some […]

9 Different Types of Letters of Credit to Consider

Original post credit: The Balance Letters of credit come in various forms. Some are for international trade, and some serve more local purposes. Learning about different types of letters of credit can help you choose which one to use and understand what you’re working with. Commercial Letter of Credit This is a standard letter of credit […]