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Fast, Easy Manufacturer Funding When You Need It
It can be challenging to get the money your manufacturing company needs from a traditional lender like a bank. Since the manufacturing sector is in decline, there is often unpredictable cash flow, thin profit margins, and significant overhead, these lenders frequently view manufacturing loans as "high risk." Opportunities to grow or take on new projects can easily pass you by while you wait for the acceptance of your funding application, which can take months and has no assurance of approval.
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Compared to traditional lenders like banks or the SBA, Biz Loans is able to accept more manufacturer funding—often in just one business day—due to its simplified online application, quicker response times, and flexible approval conditions. To support the expansion of your company, we provide a range of alternative manufacturing funding solutions, with cash ranging from $3,000 to $500,000. All manufacturing specialties are covered by our funding, including those that produce Chemicals, Electronics and Computers, Food, Wood and Paper goods, Apparel, and textiles.
Manufacturer Funding Rates
The kind of alternative small company capital you receive determines the manufacturer funding rates. A factor rate is typically used in place of a conventional interest rate in alternative manufacturing funding alternatives. Factor rates, which are derived from your risk assessment, are straightforward decimal numbers that indicate how much "extra" you will owe on the initial loan amount. The longer your company has been in business, the better your credit history should be.
Manufacturer Funding Solutions
OUR KIND, KNOWLEDGEABLE FUNDING ADVISORS WILL COLLABORATE WITH YOU TO SELECT THE BEST FUNDING OPTION THAT WILL SUPPORT YOUR GOALS WITHOUT AFFECTING THE CASH FLOW OF YOUR BUSINESS.
How To Use Manufacturer Funding
Aside from their comparatively high dependence on economic growth, manufacturing enterprises encounter difficulties due to elevated inventory expenses, globalization, automation, and a dearth of trained workers. Technological developments can assist manufacturing companies in overcoming these barriers, but these improvements are frequently expensive, and protracted accounts receivable periods can impair cash flow and make it more difficult to confront these issues head-on. Alternative manufacturer funding can support your company's growth and enable it to overcome these obstacles.
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Biz Loans manufacturing funding is not subject to any limitations. Generally speaking, manufacturer capital is best utilized to promote business expansion methods that will boost income, like:
Modernizing apparatus to provide cutting-edge services
Modernizing technologies to enhance internal processes and procedures
Buying inventory in large quantities for less money
Taking advantage of clearance or off-season bargains
Increasing your size to submit a bid for bigger jobs and contracts
Funding educational initiatives to assist in addressing labor shortages
Increasing promotion for your company to draw in new business and initiatives
How Funding for Manufacturers Works
1
Apply
Collect three months' worth of bank statements and other documentation. Give us secure access to the transactional data from your bank account so we can approve it more quickly.
2
Choose Funding
Within an hour (during regular business hours), a financing advisor will get in touch with you to finish your application and go over your funding alternatives.
3
Get Funded
Your money can be authorized and deposited within 24 hours after you and your funding advisor decide which funding option is best for your company.
4
Set Repayment
Your company's debit and credit card sales on a daily or weekly basis will be automatically subtracted to cover payment. The amount of your payment will depend on your sales.
Will You Qualify for Manufacturer Funding?
The specific qualifications needed vary based on the kind of manufacturer funding you're looking for. Biz Loans does not grant manufacturing funding based exclusively on your credit score or financial history. Rather, we concentrate on the general well-being of your company, which includes:
Revenue for businesses
Money movement
Payment history of the vendor
Years of operation
Public documentation