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What does purchasing financing mean?
Take the winning bid, the transaction notice and the government procurement contract as evidence to borrow money from the bank. Government procurement financing refers to the financing of small and medium-sized enterprises based on government procurement. The suppliers of small and medium-sized enterprises who win the bid and clinch a deal in government procurement borrow money from banks with the letter of acceptance, the notice of clinching a deal and the government procurement contract as vouchers to solve the financial difficulties in the process of government procurement fulfilling the contract. Procurement financing refers to the whole process of procurement activities from plan release, purchase order generation, purchase order execution, arrival warehousing, inspection warehousing, purchase invoice collection to purchase settlement.