Does your manufacturing or fabricating business need additional funds to cover a cash flow pinch caused by a big order or a slow-paying customer? Work-in-Progress (WIP) financing is an important tool specific to the industry that may overcome these and other common cash flow challenges and better align with your business’s cash flow cycle than… Read more »
Category: Manufacturing Loans
In the decade following the Great Recession, many American manufacturing companies have struggled to secure loans or lines of credit from traditional banks. As a result, a host of new and different lending options have sprung up to help manufacturers looking to expand, better manage their cash flow, purchase new equipment and more.
Manufacturing is an essential part of the American economy, supporting 8.5% of the country’s workforce. Of the nearly 252,000 businesses that work in manufacturing, 75% of them have less than 20 employees, according to the National Association of Manufacturers. For many small businesses, it can be difficult to find a loan, whether through a bank,… Read more »