American Manufacturing: Making America, American Made
Why is Made in America Valuable to Manufacturing? In the last few years, “Made in America” has evolved from a nostalgic slogan into a strategic movement for U.S. manufacturing. Deloitte‘s Center for Government Insights called it a new “American manufacturing renaissance. With a focus on bolstering domestic manufacturing, the United States has an opportunity to […]
Work in Progress Financing: The Secret Weapon for Project-Based Manufacturers
Learn how Work in Progress (WIP) financing helps manufacturers bridge cash flow gaps, fund materials and labor, and scale production without giving up equity. In project-based manufacturing, cash flow timing, not demand, often constrains growth. You need to purchase raw materials, pay labor, absorb overhead — long before your customer pays. That mismatch can strangle […]
Loan Types for Manufacturing Businesses
In the decade following the Great Recession, many American manufacturing business owners have struggled to secure loans or lines of credit from traditional banks. As a result, a host of new and different manufacturing finance lending options have sprung up to help manufacturers looking to expand, better manage their cash flow, purchase new equipment and […]
Core Values Drive Success in Construction
The construction industry is built on relationships. Having a background of mutual trust and respect, on top of a history of solid performance, can catapult your company over the competition when it matters most. If you are new to the industry, this is intimidating. You need the jobs to build the relationships, and you need […]
Planning for the Present: A Webinar for Manufacturers
The manufacturing industry was uniquely impacted by the coronavirus pandemic. For the first time in history the industry’s workforce, product demand, and supply chains were all affected at the same time. One of the greatest challenges was cash flow. Manufacturers, much like construction contractors, often operate on tight profit margins and while PPP loans and […]
The Future of Manufacturing in America: What has changed because of COVID?
In the beginning of 2020, the future of manufacturing looked bright. The 4th Industrial Revolution brought innovations that would make manufacturing leaner, smarter, and more transparent. Digital transformation promised more jobs, and the biggest dilemma faced was a widening skills gap and subsequent shortage of talent. Then, coronavirus quickly swept across the globe and industries […]
Is Finding a Good Culture Fit Important When Hiring?
How do you determine whether a candidate will be a good fit in your company? Many hiring managers base the decision on skills and experience alone. What these managers do not seem to realize is that a good culture fit is equally, if not even more important. Hiring with your culture in mind can improve […]
Webinar Recap: The Future of Manufacturing
Manufacturing business owners want to grow and thrive like any business owner, no matter what the future brings. The COVID-19 global pandemic has made that a truly legendary feat. Supply chain disruptions, operational shifts, and financial consequences are all pressing down on you, making your goals seem insurmountable. They are not. The truth is manufacturing […]
PO Financing for Manufacturers
Purchase Order Financing, or PO Financing, is a type of commercial financing that leverages the purchase order from your customer as collateral for the loan. What Is PO Financing? Purchase Order Financing offers you cash before the work starts, which makes it an attractive option for manufacturers with tight cash flow. PO financing is based […]
The Hot Manufacturing Jobs You Should Start Hiring for Now
While many Americans learned to work remotely during the COVID-19 pandemic, most manufacturing jobs simply could not be done anywhere except on the factory floor. That meant closing their doors until safe protocols for re-opening could be established. Luckily, the shift towards re-opening has spurred an increase in hiring demand. Manufacturing is not only bringing […]