Purchase Order Finance For Start Up

Discussion in 'International Business' started by tony121, Aug 15, 2010.

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  1. tony121

    tony121 UKBF Newcomer Free Member

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    Hello, Has anyone any experience in using purchase order finance for importing. The reason i ask is i am interested in importing a product from china, the reason for this is my mate works for a fairly large agricultural business and he let it slip the price they buy it for from a current importer in England, so I contacted a few Manufactures in china with the specifications and got a few ballpark quotes, a bit cheeky as I don’t have a business at the moment. with shipping duty and vat I believe I could under cut there current price and still make 30-40% profit. I don’t have a lot of cash so if i started a company, would a purchase order finance company touch me if I had an order being a start up and funding 100%. Or am I just dreaming. Any Advice Welcome Thank you for your time.
     
    Posted: Aug 15, 2010 By: tony121 Member since: Aug 15, 2010
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