Spectra Financial provides you with the means to increase sales and profits by dramatically increasing your inventory turnover rate and decreasing the time lag between delivery of product and replenishing your stock.
The Process:
- You accept purchase orders from your customers.
- You manufacture/acquire the goods to fill those purchase orders.
- The goods are shipped to and accepted by your customers.
- You submit your invoices to Spectra Financial and usually within 24 hours we will advance up to 80% of their value.
- Use this advance as you see fit, meet current expenses or jump-start your next business cycle.
- When your customer makes payment Spectra Financial settles the account and remits the remaining balance to you, less our modest fee.
- In some cases we may be able to advance funds based on your customers purchase orders prior to production or delivery of the goods.