Ever landed a massive order but didn't have the money to make it happen? That's where Purchase Order Financing comes in. It's a short-term loan that helps you deliver on large orders without breaking the bank.
How it works:
You get a big order from a reputable buyer
You apply for a loan from us (just email [email protected])
We check if it's doable
If approved, we give you the money (usually 80-90% of the order value)
You make and deliver the goods
The buyer pays into your Kuda account
We take back our loan plus interest
Who's it for?
Wholesalers and distributors
Manufacturers
Importers and exporters
Startups with big opportunities
Established businesses looking to grow
The nitty-gritty:
Loan amount: Depends on your order size
How long you get the money for: Usually 45-60 days
Interest rate: 30-35% per year
How you pay it back: All at once when the buyer pays you
What you can use it for: Just for making the goods for this specific order
Things to know:
We usually only finance orders from well-known, trustworthy buyers
Each loan is for one specific order
You can get bigger loans for future orders if you do well
You can have multiple loans for different orders at the same time
Fees:
Processing fee: 1% of the loan amount, paid upfront
Insurance fee: 0.5-1% of the loan amount, paid upfront
What we need from you:
A personal guarantee from you (the business owner)
A post-dated cheque covering the loan amount plus interest
The buyer's payment must come to your Kuda account
Ready to take on that big order? Email [email protected] and let's get started!