Helping Manufacturers
Most manufacturing companies deal with two areas of operations where financial crunches create problems:
- Meeting payroll, typically on a weekly basis.
- Paying your vendors — the source of the materials you need to produce your product(s) — who expect payment every 30 days.
A growing company like yours faces challenges in...
- Buying supplies and raw materials.
- Manufacturing.
- Delivering products to your customers,
- Waiting to get paid — longer than necessary.
This process can take 90 days depending on the complexity of your manufacturing cycle.
Banks do fund machinery, real estate, buildings and, to a lesser degree, inventory that manufacturing companies often have. However, banks won't fund working capital — the needed money to pay your staff and your vendors — while you wait for your customers to pay you.
Unless you use your "hard assets" as collateral, you may have trouble convincing a bank to fund your working capital needs.
Successful manufacturing clients receiving financing help from us come from all segments of the supply chain including machine parts, product manufacturing, repair services, material processing, importing, and subcontract manufacturing. Chances are good that we've worked with a company like yours.
Before you decide, make sure you ask questions. If you want to find out more, contact us now for a free, no obligation conversation.
