Purchase Order Financing for Restaurants
Exploring the finance solutions available for your restaurant
Managing cash flow can be a major issue for restaurants of all sizes. Whether you need to buy ingredients in bulk, upgrade your kitchen equipment or fufil a large catering order, having access to the right restaurant finance is crucial.
Purchase order financing is a short-term funding solution that allows restaurants to pay your suppliers upfront when receiving large orders. With this type of restaurant finance, you can secure the necessary equipment and supplies you need without worrying about cash flow constraints.
At Find a Restaurant, we’ve partnered with Mill Wood Finance to offer purchase order financing solutions designed specifically for the restaurant industry.
The eligibility criteria will vary, but will typically include the following requirements:
- You will need to be a UK-based restaurant business
- Confirmed purchase order from reputable and trustworthy customers or clients
- Supplier agreements in place
With purchase order financing in place, your restaurant can secure your inventory without cash flow constraints, getting you the supplies you need without dipping into your restaurant’s cash reserves. This can enable your restaurant business to take on larger catering events or expand your menu offerings without financial concern.
Once the financial approval process has been passed, access to the funds is fast, allowing you to focus on your restaurant operations. It is also a flexible form of restaurant finance, helping you to scale your financing requirements based on the the size of the purchase order.
How does purchase order finance work for restaurants?
The purchase order financing process for restaurants is relatively straightforward thanks to the great work carried out by Mill Wood Finance.
- You receive a large order, such as a big catering job or a bulk supply order, and receive a confirmed purchase order
- You apply for purchase order financing
- If approved, the lender will pay the supplier directly so that you can get the ingredients or equipment required
- You fulfil the order knowing that your supplies are covered
- Once the customer has paid you, you repay the financing amount
Interested in purchase order financing for your restaurant?
Give Mill Wood Finance a call – the finance partners of Find a Restaurant
Phone Number
01273 523690