Supply Contract Financing Program
Purchase Order Financing
COVERS DEPOSITS/PROGRESS PAYMENTS
DevCorp can now help small and mid sized companies purchase materials for resale to major clients.
We can provide deposit financing up to $1,000,000 per supply contract.
We principally underwrite based on the supplier and the end user, not on the basis of dealer credit. As long as we can be comfortable that the supplier can supply as agreed and that the end customer has the ability to pay on delivery, we will provide the funds for the dealer to place the order and pay as agreed.
We use a Third Party Administrator (TPA) to disburse funds.
We assist in rapidly increasing the credit worthiness of the reseller.
Small and middle market companies can now handle large orders without using their own cash.
There is a small origination fee required and a monthly charge on the net outstanding balance.