What is Invoice Finance?
Invoice finance provides a business with a quick and effective way to convert quality invoices to instant cash. It is a type of finance that uses invoices as a way for businesses to unlock cash tied up on invoices. This is done by selling invoices to an invoice financing company that advances up to 80% of the funds the invoice is worth up front.
Simple Steps for Invoice Finance
Step 1: You complete work for your customer
Step 2: You issue an invoice to your customer
Step 3: You offer to sell the invoice to Abrux Capital
Step 4: You notify your customer that you have sold the invoice
Step 5: Your customer acknowledges notification of sale
Step 6: Abrux Capital advances capital to you
Step 7: Your customer pays the invoice directly to Abrux Capital
Step 8: Abrux Capital pays the profit to you minus the finance fee
What is Purchase Order Finance?
A purchase order is an order form, issued by a buyer to a seller. When it’s accepted by the seller, it’s an agreement between buyer and seller on prices and quantities for a product or service. Purchase order finance, provides funding for businesses with purchase orders to pay their suppliers and smooth out cash flow.
Simple Steps for Purchase Order Finance
Step 1: You receive a request for quotation (RFQ) from your customer
Step 2: You complete the quote and return it back to your customer
Step 3: Your customer accepts your quote and issues a purchase order
Step 4: You receive the purchase order, sign and return it to your customer
Step 4: You request purchase order finance from Abrux Capital
Step 5: Abrux Capital verifies the purchase order and provides up to 100% cash payment to your supplier on your behalf
Step 6: Your supplier completes and ships the goods according to the purchase order to your customer
Step 7: Your customer pays for goods received directly to Abrux Capital
Step 8: Abrux Capital pays you your profit minus the finance fee.
What is Asset Finance?
Asset finance is the practice of using a company’s balance sheet assets as a security to borrow money or take out a loan against what you already own. It can provide a secure and easy way of getting working capital for your business. Various things can be offered as collateral, from inventory, machinery and even buildings. For example, a transport company may use its vehicles as an asset to secure finance against. The amount loaned will usually depend on the value of these assets which the finance is secured against.
Simple Steps for Purchase Order Finance
Step 1: Contact Abrux Capital to discuss your requirements.
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An Invoice Financing Solution saves the day by providing necessary working capital to pay for salaries, rent, vehicle fuel, etc...
A Purchase Order Solution saves the day by providing needed working capital to pay for goods and material.