#TheMoneyFactor Episode 002 Guest: Patrick Zazueta from Huntington Coast Capital. Topics: Purchase Order Finance & Equipment Funding
On this episode of #TheMoneyFactor I have with me all the way from the west coast Patrick Zazuetta from Huntington Coast Capital and we’re going to be talking about purchase order finance and equipment funding on #TheMoneyFactor so welcome to #TheMoneyFactor I’m your host Ian Varley with the Eagle Business Credit and I’m pleased to have with me Patrick Zazueta from Huntington Coast Capital Patrick how are you today? I’m doing great thanks for having me on the program, how are you doing? I’m doing well, thank you so much for spending the time with us. I know getting on Skype always a challenge but it’s great to see you it’s been a long time since we last spoke. Yeah likewise, it’s it’s been a while and always good to reconnect. I am a distribution company and I love how factoring smooths out my cash flow but I need more funding what are my options? So distribution company… yeah I mean factoring is a great solution anybody that has receivables and is giving terms to other businesses is going to have their cash flow tied up pretty much and if you’ve used all of that and you need more, if you’re a distributor and you’re buying finished goods then a good option could be purchase order funding. It operates independently to your factoring facility, and we find it’s a great solution. Because if you get a large order it can really give you that extra jolt of cash that you need in order to buy those goods in and turn it into receivables.