Business Idea: A big gap in the Financial Services Market

I have a couple of friends who are in the goods and services business and provide these to mainly to for-profit and non-profit companies. Many of these friends are in constant needs of financial services to fulfil the demand for their goods and services however the red-tape and stringent conditions within the financial services market limit their access to credit in order for them to be able to meet their customers' demands. Another big hinderance is the length of time for which it takes one to receive the financing they need. Typically, a bank will ask for 5-10 working days in order for your loan to be processed.

To provide these goods and services, most of these guys are given Local Purchase Orders (LPOs). According to Wikipedia, A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers. When a seller has a PO/LPO, you are almost guaranteed that they will be paid as Sellers are protected by POs in case of a buyer's refusal to pay for goods or services. Even though the issue of a purchase order does not itself form a contract. If no prior contract exists, then it is the acceptance of the order by the seller that forms a contract between the buyer and seller.

Typically, many financial institutions do not have financial products/services for this category people who have LPOs to supply specific products to their customers and I believe if this one can research and structure a financial product/service around such business people. It would make them great returns on their investments since such people already have their customers and the customer has already expressed need for their product or service.!