As an engineering firm for more than 25 years, we have a long history with TRICON. When we need financing or a loan for expansion, TRICON has always offered honest terms and very good rates. Great company. I would highly recommend.

H. Jacobs (Engineering Firm)

We worked with TRICON as a direct lender for many years in various markets of oil, gas, co-generation and other commercial lending projects. Deals often would run into $10’s of million. Their expertise and professionalism is rare in today’s market. We highly recommend TRICON.

R. Graves (Energy Industry)

I called several companies and all required home ownership. I was at my wits end. Finally saw an ad and called TRICON. They were able to approve deal for $49,690 in just under 2 hours. Their truck program is unbelievable.

K. Davis(Truck Program)

As a 501C3 non-profit, we came to Tricon for help to understand how leasing and structured business loans work for charities and other non-profits.Through our association with TRICON we have in place a low cost discounting program which we can now refer our clients.

L. Cheek (Non-Profit Firm)

I am a start-up business who came to TRICON to lease a medical laser for skin and dermatology use. Though my credit was less than perfect, TRICON approved deal in 1 hour under their $100,000 app only program.

W. Polo(Medical Laser firm)

Tricon is the first choice for business financing & loans.

Get your business ahead with requisite finance through purchase invoice factoring services

When running business operations it is possible to run into a sudden need of cash. You require cash to meet so many needs right from paying employees to ordering raw materials to carry out production. With funds required at every step, you might not be able to wait till a customer pays for the goods ordered to meet financial requirements. In such situations invoice purchase and factoring financing come to the rescue. It gives you instant cash against your purchase order, enabling you to get the funds needed to meet pressing financial obligations.

What are the benefits of invoice purchase and factoring services?

purchase order financing

In many cases a company can get 100% finance against their purchase order which enables them to easily get the money needed to carry out day-to-day operational activities. The finance company offering the funds will collect money from their customers. The time taken to provide finance against the purchase order is just a day or two hence there is no long waiting period for the funds to come through. This is the key benefit of purchase order factoring. You can get funds without waiting for a long period, thus enabling you to make payments for various expenses as soon as possible.

Invoice purchase and factoring services are very helpful when you need cash fast, but do not have funds to meet the requirements right away. If you do not meet the expenses, it results in further losses. Employees might become angry or customers will lose trust when they see that you don’t have the money to meet even your basic expenses. In such situations getting funds against a purchase order helps avoid such situations and keeps your business intact. Furthermore, getting finance against a purchase order is easy. It does not have as much stringent conditions as that of bank finance and is cheaper than purchase order invoicing, though very similar to it. This enables you to get finance quickly and relives your business from problems posed by pending expenses.

At times, your business will grow quickly. You might have got several orders for products and everything is in the production stage. You might be filled with many more orders while production of goods is half way through, thus inducing you to hire more people or buy more equipment to manage the extra load. In such situations, purchase order factoring gives the funds needed to grow your business. You don’t have to be stuck till you get money against your purchase order. Borrow against it and get the finances needed to run operations, thus fulfilling orders and keeping your business ahead.