Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank (the Company), has expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of purchase order (PO) financing as an add-on to the lender’s popular accounts receivable (AR) and asset-based loans (ABL).
PO financing allows OCF customers to ‘temporarily’ increase their borrowing capacity with revolving credit to cover direct costs associated with fulfilling purchase orders. These could include cost of goods, freight, duties, and logistics – products, supplies, and/or fees necessary to ensure that orders are fulfilled and delivered on time.
