Manufacturing financing
Manufacturing Business Loans
Manufacturers buy machinery and materials well before they ship and invoice. Financing keeps production running: equipment loans for the floor, supply chain financing for materials and purchase orders, and term loans for plant expansion.
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Equipment Financing
Machinery secures the loan, and payments can line up with the revenue it produces.
What owners finance
- CNC machines, presses and production lines
- Raw materials for large orders
- Plant expansion and facility upgrades
- Paying suppliers early for discounts
- Working capital between production and payment
What lenders look at
- Customer concentration and order backlog
- Gross margins and inventory turns
- Condition and value of existing equipment
- Supplier relationships and terms
Documents to have ready
- Business bank statements
- Financial statements and tax returns
- Accounts receivable and payable aging
- Equipment quotes or a list of equipment owned
- Large purchase orders or contracts
Common questions
- Can I finance a large order before I'm paid?
- Yes. Purchase order and supply chain financing are designed for this, based on your customer's credit as well as yours.
- Does used equipment qualify?
- Usually, yes. Lenders will want an appraisal or dealer quote for its value.
- Can I refinance equipment I already own?
- Some lenders offer sale-leasebacks or equipment refinancing to free up cash.
Financing for your manufacturing business
One application. Matched lenders. Offers you can compare side by side.