Meridian PO Finance Announces 2018's Funding Goals for U.S. Based Businesses

    SAN DIEGO, CA, February 07, 2018 /24-7PressRelease/ -- In an effort to continue to provide quality service and financial assistance to small business owners across the United States. Meridian PO Finance is proud to announce this year's goal to fund up to $10 million per business in purchase order finance and invoice factoring assistance. Meridian PO Finance funding products are available for business organizations including national retailers, manufacturers, distributors, wholesalers and small business owners in need of asset based funding.

This short-term financial assistance will help all businesses with the needed funding to capitalize on specific high-end projects targeting business growth and market sustainability.

Meridian PO Finance has been one of the leading asset based lenders across the country with a team of highly experienced investment talents working to provide financing options to businesses and government agencies across the U.S.

Meridian PO Finance has been a leading provider of financing for government contractor projects and entities via small businesses for almost a decade, providing government contract financial assistance for Federal and State projects and programs.

This year, Meridian PO Finance aims to help small but promising companies get the needed financial support to penetrate their competitive and constant changing market. With PO financial assistance, a small business catering to military or government based goods, services and tools will have the opportunity to participate in the wide market government arena. Learn more about Meridian PO's purchase order finance program.

Meridian PO Finance invoice factoring goals have also been boosted. This has been implemented in the efforts to help small businesses across America acquire the cash flow and working capital when they need it most! Learn more about Meridian PO's invoice factoring goals.

Meridian PO Finance is also proud to announce an increase in their issuance of letter of credit to help small businesses prove their ability to fulfill large purchase orders. It can be used as payment assurance required to get the order fulfilled to complete the transaction.

Funding Announcements:

Funding Type: Account Receivable Financing
Description of Supplies: DOD Supply Contractor
Invoice Amount: $109,000
Factored Amount: $87,200 (80%) of Value of Invoice

Funding Type: Letter of Credit Financing
Description of Supplies: Beauty Products
Location: Los Angeles, CA
PO Funding Amount: $133,000
Receivable Amount: $188,860
Profit Margin: $55,860 (42% Margin)

Funding Type: Account Receivable Financing
Description of Supplies: Computer Electronic Supplies
Invoice Amount: $200,000
Factored Amount: $160,000 (80% value of invoice)

Funding Type: Purchase Order Financing
Description of Supplies: Military Type Goods & Tools
PO Funding Amount: $80,399
Receivable Amount: $101,000
Profit Margin: $20,601 (25% Margin)

About Meridian:

Meridians client completed a job suppling avionic parts to the DOD. The payment terms of the Government Contract invoice are 90 days. Meridians Client is able to get an advance of 80% of the value of invoice to use for working capital to pay for such things as payroll, overhead, taxes, inventory purchases and even other payables due. Instead of waiting the strenuous 90 days, our client decided to unlock their availability of capital now, through accounts receivable financing from Meridian.

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