Purchase Order Financing Factoring & Asset-Based Lines of Credit for B2B Businesses with Fernando Ponce
Description
In this episode of the My SBA Loan Pro Podcast Face to Face, Ryan Smith, Principal & founder of ThinkSBA sits down with Fernando Ponce, Business Development Officer at Primary Funding, a non-traditional lending source based in San Diego, California specializing in Purchase Order Financing, Factoring and Asset-Based Lines of Credit.
Learn how non-traditional lending can bridge the gap for B2B businesses who are unable to secure traditional financing due to negative historical cash flow, tightening of debt markets or spontaneous rapid growth.
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00:00 - Introduction
01:11 - Fernando Ponce's Bio
04:20 - Primary Funding's Role
06:57 - Types of Financing Offered
11:36 - Factoring as a Financing Solution
12:15 - Transparency and Flexibility in Financing
15:47 - Industry Challenges and Red Flags
23:42 - Business Funding Process
26:22 - Industries Eligible for Funding
29:51 - Challenges in Closing Credit Facilities
31:13 - Importance of Transparency
37:30 - When and How To Contact Fernando
Link to full episode: https://youtu.be/0Y8x32Y6xsM?si=Uj9vSNG1WMkPb20-
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