Small businesses are the backbone of the economy, yet there is little financial support available for them to flourish. If you’re a business owner, you’ve probably already had to take out a loan to cover your operating costs and ensure the future growth of your business. This is an incredibly common source of finance, yet it’s not ideal for SMMEs. Instead, business owners can get funding for their Purchase Orders or Contracts with us.
ProfitShare Partners is a fintech company. We focus on small to medium enterprises (SMMEs), providing funding to help them purchase supplies and equipment. Our business model is designed to assist SMMEs, who often find it hard to secure funding from traditional sources. We provide an alternative funding solution that can provide rapid, efficient funding for your Purchase Order or valid Contract.
- What product are you applying for?
Are you applying for a Purchase Order or a Merchant Cash Advance? Are you looking to fund your imports or exports? The best way to secure funding is to identify what funding you’re applying for.
What is a Purchase Order (PO)? A Purchase Order is a binding contract from a buyer to a seller. It secures an order which will be paid for at a later stage by the buyer. Businesses with little to no cash flow have to find funds to fulfil that PO.
On the other hand, a Merchant Cash Advance is a lump sum payment to a business that they pay off over a certain period of time, that can be used for any purpose not just to fulfil orders, for example, you can use it to pay salaries, outstanding taxes, buy equipment, do some refurbishments etc.
As business owners, you know that it’s not easy to always dip into your bank account or get an investor on short notice. This is where we come in. At PSP, Purchase Order Funding is a transaction whereby we fund your Purchase Order without you giving up equity in your business, only an agreed share of the profit. At the end of the transaction, we go our separate ways and wait until another PO brings us back together.
- Who Offers Small Business Funding?
For Purchase Order Funding, banks, savings accounts, and investors are not the only options. It is essential to look into a reliable funder with a long track record of success with alternative funding solutions. Providing excellent support during the settlement process is vital to a well-run transaction.
Our team of experts is renowned for offering high-quality funding solutions. We work with large companies and small businesses to ensure we contribute to driving inclusive growth, thus bridging the gap between the two.
- Time to do some Homework on these Companies
Review the requirements and ensure you can fulfil these to complete your application. The last thing you’d want is to find a funder only to realise that the products or solutions are not compatible with your business needs. These could be simple requirements such as Purchase Order Funding within a certain threshold. Our Purchase Order Funding is available from R 250 000 to R 5 000 000 per transaction.
- Get Organised
Admin is the cause of exhaustion. But, when it comes to money, there are no exceptions. It’s pivotal to be sure and meticulous when completing applications. There’s no better way than to go through all the requirements and ensure that you have all the materials needed for your personal and business information.
- Ask for Help
If you’re new to this and haven’t done anything like it before, reach out to the support teams. You can verify the process details with them, clarify any misunderstandings, and discuss the next steps after you get the funding. Our support team will help you through the process within minutes – you can reach them by sending an email to: firstname.lastname@example.org
- Get the cash that your Business Needs
At this stage of your application, you’ve done all your homework and research. You can submit a request for funding online with just a few clicks of your mouse. Give Purchase Order Funding a try. We know we’ll be able to make it happen for you.