Profit Hub

As a member of the Centric Group of companies, Profit Hub offers purchase order funding for small and medium enterprises that need to pay out their suppliers in a seamless manner. Profit Hub has an advanced finance system that can only be secured with a confirmed purchase order, this then allows you to start operating your business.

Getting a big order comes with a lot of paperwork

As expected, getting a big order is often followed by a lot of paperwork, and this can often bring about a number of challenges for your business. You always need to settle the supplier’s full amount before they can even offer you the order, and sometimes your clients can have longer payment terms.

Profit Hub offers you a worry-free solution

Profit Hub offers you a worry-free solution that gives you the chance to fulfil your purchase order while managing your business to the point where you experience financial growth to handle your own purchase orders.

A quick system that lowers the pressure of obtaining a purchase order

The Profit Hub team came up with a quick system that reduces the pressure that comes with completing orders, managing finances and accelerating your business. Keeping you at ease, so you can attend to your business needs. Once your application meets its criteria, Profit Hub immediately pays your supplier and finalises the purchase order legitimately.

Become business partners with Profit Hub

Not only does Profit Hub help you by providing you with the cash to finance your purchase order, but they also have a keen interest in the growth and success of your business. They partner with you by awarding you an opportunity to mingle with their reputable business partners.

They work alongside you, so you can receive the best deals at the cheapest price from the most dependable suppliers.

Forge a successful business with unmatched service with Profit Hub

Through the Profit Hub purchase order funding process this lender, Profit Hub takes a prominent role and accountability in your business receiving all it needs so you can fulfil the purchase order.

How Profit Hub supports you is they share their finances and professional business knowledge with you so you can forge a successful business that meets an unmatched service.

A purchase order can be regarded as a document (commercial) that’s provided by a business when placing an order with suppliers.

One of the largest buyers and providers of purchase orders in South Africa is the government, as they spend more than R500 billion annually to support small businesses.

A purchase order helps keep your business running

Many start-ups hardly have any capacity to finance ordered stock or even offer the services beforehand, as they know it’ll only be after a couple of months or weeks when the purchase order can be fulfilled. This is where purchase order funding comes in to save the day.

It’s funding that’s aimed to enable a business to achieve the purchase order to keep the business running.

A purchase order funding organisation such as Profit Hub helps businesses by paying their suppliers directly. They also work alongside you to see to it that your business receives payment from the debtor that supplied the purchase order.

How to know if your business qualifies for a purchase order funding

Profit Hub gives out first preference to those businesses who comply with the below criteria

• Your client providing the purchase order should preferably have a reputable business or come from a government institution
• The value of the purchase order by your client should be R250 000 or more
• A minimum of 30% upwards for the gross profit of the purchase order
• The date on which the stock should be delivered should be reasonable enough for Profit Hub to see the order to completion

If your business meets these requirements, this means purchase order funding can be rewarded.

How purchase order finance from Profit Hub works

1. A client provides a small and medium enterprise with a purchase order
2. As a business owner, you apply for purchase order funding through Profit Hub’s online application
3. Once the Profit Hub team has received your application, they evaluate it to see if you meet their criteria
4. Once you’ve been approved, Profit Hub draws up a contract for your business which you need to sign
5. A collaboration between your business and Profit Hub happens so all security measures are in effect
6. They directly pay the suppliers
7. Profit Hub ensures that all goods are delivered by the suppliers at the required time
8. They check if the goods have been delivered, and you should confirm the arrival of the goods
9. Payment reaches the client
10. Profit Hub receives its share of the profit

Profit Hub’s business focuses on providing purchase order funding to small and medium businesses, but also offers the following services:

• Finance for tenders
• Import and export finance
• Financial support from beginning to end in terms of the fulfilment of tenders and purchase orders