Manufacturing Loans
Fund your manufacturing business with a financing solution from BorrowPartner
You have customer orders to process, but you don’t have the suitable materials, or you don’t have enough people to complete production on time. Or, you need to invest in new machinery. Or, the large project you just delivered won’t be paid for 30 to 60 days, and you need the capital now.
The bank won’t help you. Not enough time in business. Not enough collateral. Not enough profit in last year’s financials. Or, their list of requirements will take longer than you can afford to wait. And your customers won’t wait for the bank.
BorrowPartner offers all the financing solutions you need to fund your manufacturing business and has the expertise to assist you with your solution selection.
We work with manufacturers and understand your concerns and frustrations. We work with direct lenders and business-minded banks daily and know their strengths, limitations, and pricing.
We partner with the best-in-class, most business-friendly lenders, so you can get your funds in hours or days, with the best rates, the most flexible terms, and, in most cases, even pay off the financing early if you want.
We honed our skills through thousands of transactions and hundreds of millions of dollars in financing. We want to leverage this experience to serve you better.
How manufacturers use BorrowPartner's financing solutions
- Raw materials
- Parts
- Labor
- Tools
- Machinery
- Equipment acquisition or replacement
- Distribution channel expansion
- Quality control
- Cash flow to process new orders
- Distribution channel expansion
- Process improvement
- Repairs
- Increase production capacity
- Supply chain
- Throughput
Which financing is best for you today? When approaching this question, we start with the least expensive financing options available first.
Do you have two years of solid financials, a strong credit score, and experience in your industry? Is your debt service coverage ratio (net operating income / total debt service) greater than 1.25? Consider the US Government’s SBA manufacturing loans. They offer rates starting at Prime + 2.75% and terms up to 25 years. It will take six to eight weeks to process, but those rates are worth it if you can wait.
Do you need new equipment? Choose manufacturing equipment financing or leasing. Get the equipment you need, enjoy the productivity boost today, and pay for the equipment over time. It would still help if you have a good credit profile, but the equipment is used as collateral for the transaction. And the financing will not encumber your business.
Do you have open invoices to large businesses or the government that, if paid, would provide you with the cash flow you need for your current project? Choose Invoice Factoring, and you can get paid for those invoices tomorrow. You will pay a small fee of 0.8%-3% per month of aging for the invoices that you factor. And it won’t increase your debt.
Or do you need working capital? Choose our installment manufacturing business loans, up to $5M and 48 months with a fixed repayment schedule, or our revolving business line of credit, up to $750K, and repay based on what you borrow.
At BorrowPartner, we are on the side of responsible borrowing. We are in it for the long run, lasting relationships, and satisfied clients. We are on your side.
Your situation is unique? We understand that. Contact us, and we will find the right financing for you, as only BorrowPartner can. And we are always happy to assist. Truly.
BorrowPartner provides manufacturers with sensible, flexible, and timely access to capital, including SBA Loans, equipment financing, invoice factoring, small business loans, business lines of credit, and more, all customized around your business needs.
Get the capital your business needs to grow
Applying for funding with BorrowPartner does not affect your personal credit score
