Manufacturing Business Financing
There’s no question that manufacturing overhead can be costly. And, nothing can be worse than not having enough money to keep operations moving with efficiency.
All things considered, the manufacturing industry runs the gamut across many business types. For that matter, manufacturers range from mom and pop operations to large corporations. Some of the more common manufacturing businesses are involved in the production of:
- Automobiles and Parts
- Computers and Electronics
- Leather and Textiles
- Steel and Metal
Like other types of businesses, cash flow issues present problems that can literally shut a company down. Often, it’s a matter of supply and demand. If your business can’t meet the needs of its customers, you already know what happens next.
Our manufacturing loans can give you a quick reprieve when you’re worried that your customers will turn to the competition.
The best part of a merchant cash advance is the ease of the process. After your company successfully sails through approval, you’ll have cash on hand. However, it gets better. You choose where you want to apply the funds without worries of a bank denying your loan.
Keep in mind that merchant cash advances are not loans at all. You provide evidence of your ability to repay the advance through the revenue you receive from credit cards.
It gets better. It’s expected that your daily receipts change on a day to day basis. Therefore, it doesn’t matter if you’re able to pay more on one day than the next. Deductions are made on a percentage basis until the money advance you received is paid off in full.