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Purchase order finance

Purchase order (PO) finance is a short-term finance solution that provides
capital to pay suppliers upfront for verified purchase orders.

What you get
Purchase Order Finance will enable your business to fulfil the order without the stress of acquiring additional working capital for the business.

Purchase Order Finance is normally given over and above your regular banking finance, credit, loans or overdrafts, which increases your business’ financial flexibility to be able to purchase stock to fulfil your orders.
What you need to know
The maximum that can be financed is 80% of the amount of the purchase order.

Both existing and new customers can apply for this product. However, non-Absa customers are expected to open a business current account as part of the loan application requirement.

No security is required. However, the procuring entity that you are supplying would need to sign a deed of cession for the payments to be directed to an Absa dedicated account.

The pricing for this product is prime linked and currently it is prime plus 7%.

Feedback on assessed application will be given within 48 hours.
What to bring when you apply
Complete purchase order application form

Purchase order

Quotation or pro-forma invoice from supplier

Six months bank statement and one year financials projections

Company profile

Management profile