To qualify for PO Funding, you will need to provide some or all of the following documentation:
- Identity documentation
- Company documentation
- Purchase order
- Supplier quotes (if you have them)
- Bank statements
- Tax compliance certificate
More documents may be required depending on the complexity of the order.
AltFin is a financial partner specialising in purchase order funding for SMMEs that need cash flow advances or sourcing support to fulfill their purchase orders (POs).
We stand out by building long-term partnerships with a simple application process, quick approvals, and seamless funding advances. Our goal is to make each application work, fostering a strong business relationship instead of providing one-time funding.
Our firm offers flexible and transparent pricing structures tailored to meet diverse financial needs. We provide hourly consulting fees for clients seeking short-term advice or specific financial guidance.
Our typical funding threshold is for orders requiring an advance of R250,000 or more. However, in certain cases, we may support orders needing over R100,000, provided your business generates an annual revenue exceeding R1 million or has a net asset value of at least R1 million. We offer funding amounts up to R100 million.
To enhance your likelihood of qualifying:
- Ensure you have been awarded a purchase order with sufficient margin for a financial partner to provide support.
- Provide all requested documentation during the application process.
- Submitting additional information, such as your business bank statements and financial reports, can accelerate the process and potentially secure more favourable pricing for the advance.
If all required documentation is submitted upfront, we can provide a decision in as little as 24 hours.
Yes, while we specialise in supporting SMMEs fulfilling South African government purchase orders, we also fund corporate orders.