Purchase Order Financing & Invoice Factoring for Wine & Spirits
Financing Growth in the Wines, Spirits, and Beer Industry
Adult Beverage Working Capital Funding
Entrepreneurs engaged in the wines, spirits, and beer industries often find it very difficult to finance their working capital needs. The reason is the time lag between the production, importing, distributing, and selling of alcoholic beverages, and when they get paid by their customers. We have seen Net 90 day terms by some of the largest Wine & Spirit Distributors. Wine, Spirit, & Beer Purchase Order Financing and Non-Recourse Factoring from Bankers Factoring can help.
Whether you’re importing wines from Chile, Australia, Italy, or France; distributing beverages to big box stores, specialty stores, drug stores, or wholesalers; producing wines in California, Washington State, or New York State; or brewing beer in microbreweries in New York, Massachusetts, California or anywhere in between, a shortage of working capital can slow your business down, reduce annual sales, and thus overall business profitability.
Bankers Factoring is a factoring company with wine & spirits accounts receivable financing experience that understands the nuances of local alcohol laws and has a scope of financing products designed for your industry with customer service at the forefront. If you need PO Funding, the Bankers’ Vendor Guarantee program can be used to give your wine and spirits supplier the confidence that they will be paid.
Get the Working Capital You Need as Wine & Spirit Demand Rises
Whatever your end of the industry, your business should not have to be slowed or your sales reduced because of inadequate working capital financing. That’s especially true when the global demand for alcoholic beverages is forecast to be on the rise in 2022 post-pandemic and beyond, according to a recent analysis from Moody’s Investor’s Service. Moody’s raised the outlook for the industry to “positive” from “stable,” saying that even with commodity cost pressures in the industry, demand is growing, particularly in emerging markets.
Observe what’s happening in your area, how demand for wines, spirits, and beer is rising. You don’t want to lose out simply because of a shortage of working capital. To help maintain and grow your business, you can use invoice factoring to obtain funding without waiting the typical 60-90 days until your customer pays their invoice. You can use purchase order financing to obtain the goods and supplies you need. Alternatively, you can use Bankers’ vendor guarantee from a high-quality finance company to obtain needed supplies.
Bankers Understands Your Wine & Spirits Business and We Can Help
All aspects of the wines, spirits, and beer businesses are highly competitive. And many of your competitors are well-capitalized. When you’re seeking to grow your business, there is no time to lose with concerns about being underfinanced. A qualified alternative financing and asset-based lending firm such as Bankers Factoring can provide for all of your working capital needs. The owner-employees of Bankers Factoring have been providing wine financing, beer factoring, alcoholic beverage factoring, craft beer factoring, and microbrewery factoring across the industry for 20+ years.
We understand the wine and spirits industry. And we understand the complexities and differences in state-by-state regulatory requirements, which can often delay or prevent new business opportunities if they are not properly followed. We provide microbrewery financing, beer financing, wine PO funding, and wine/spirits purchase order financing to entrepreneurs who need the cash to move their business ahead in the constantly competitive alcoholic beverage environment.
By obtaining cash flow immediately following invoicing through factoring rather than waiting 60-90(!) days for invoice payment, you can easily meet payroll, pay suppliers, and invest in growing your business.
We can buy your supplies for you through our purchase order financing program. We can guarantee credit with your vendors through our Bankers trade financing program. And we can fund your invoices to your downstream customers at very high advance rates through our non-recourse invoice factoring program.
As the demand for wines, spirits, and beer heats up going forward, you will need a service-oriented wine & spirits financing firm with direct adult beverage experience to meet your current and future working capital needs.