Manufacturing
Manufacturing Equipment Financing
Manufacturing is the heart of the American economy, providing materials to other industries. When you need new equipment to keep your construction projects moving, we can help with fast approvals and same-day funding. Equipment financing helps you get the machinery and other equipment you need to keep your business running.
Benefits
• Increased Efficiency: Obtain the latest machinery to improve your production process without facing substantial up-front costs.
• Stay Competitive:Embrace cutting-edge technologies to stay ahead in the industry without depleting your budget.
• Financial Health: Maintain working capital for daily operations and unforeseen expenses even as you invest in new equipment.
• Expand Your Reach: Broaden your manufacturing capabilities so you can undertake larger or more specialized projects with upgraded equipment.
Financing With Us
Here’s how we stand out in supporting your logging/forestry business:
• Prompt Approvals: We prioritize efficiency, ensuring you receive approvals in less than 4 hours.
• Protect Your Credit: Our soft credit checks allow you to consider financing options without negative implications on your credit score.
• Consistent Operations: Our financing solutions ensure a steady cash flow, working with you to keep your manufacturing business moving, with a monthly payment that supports your budget.
• Expert Assistance: Receive guidance from our knowledgeable specialists throughout your financing journey, making the process straightforward.
• Solutions That Fit: We offer flexible financial solutions tailored to your manufacturing business' specific requirements.
• Timely Financial Support: Our same-day funding ensures you can move forward with equipment purchases without unnecessary delays.
Some Equipment We Finance:
CNC Machines | Milling Machines | Skid | Forklift | Food Processing Machines | Packaging Machines | Conveyer Belts | Lighting | Shrink Wrap Machines | Cartoning Machines | Palletizer | Case Erectors | Air Pillow Machines | Bag Openers | Sterilization Machines | Strapping and Bundling | Heat Sealing | Filling and Bottling | Carbonators and Pasteurizers | Labeling Machines | Coders and Printers
Start Your Application Today
Frequently Asked Questions
There is no standard down payment required. However, for start-up manufacturing businesses, 10-20% of the equipment cost is required as a down payment. The more business and personal borrowing history you have, the more likely you will be able to qualify for zero-down.
CNC machines, Milling machines, Forklifts, food packaging machines, food processing machines
There is no application fee for applying. If approved and you proceed with the funding process, the fees will depend on the structure of your deal. Our standard documentation fee ranges from $200-$700 depending on the loan size, but there could be additional fees for services like titling or a site inspection.
Once we receive your application, our credit team will review your information and provide you with a decision typically within 4 business hours. If your application is approved, one of our sales representatives will guide you through your payment terms over the phone. At this stage, if additional documents are required, a sales representative will collect those from you as well. From that point, our funding team will reach out directly to you to finalize the documents and schedule the funding. If everything is provided to us promptly, we are able to fund as soon as the next day.
- All we need to make a decision on your file is our one-page application. In some cases, we may require the last 3 months of your bank statements depending on the industry you are in, dollar amount, or your credit history.
- If approved, your approval may have contingencies attached to it that must be completed in order to start the funding process. Common contingencies include proof of business ownership, time in business, and income. Once those contingencies are cleared, you’ll need to provide the funding documents which includes driver’s license, voided check, and anything else required depending on the nature of the loan.
To qualify for financing, you must have a minimum FICO score of 610. An ideal customer has established operations and extensive borrowing history.
While working with your sales representative, it may be beneficial to provide them with contracts you have with sellers to show continued demand of your product.
Our rates start at 6.99% and we offer terms ranging from 24-72 months. Your rate is dependent on your credit profile, collateral type, time in business, and borrowing history.
Payments will be automatically drawn from your account on the 1st or the 10th of each month via ACH.
With strong rates and flexible terms, we offer competitive manufacturing financing and impeccable speed with our services. We underwrite and release funds to the sellers quicker than many of our competitors so you can get the equipment you need as soon as possible.
