Manufacturing Business Loans

For U.S. manufacturers, implementing or enhancing their digital strategy and assessing the impact of the new tax laws on their business strategy should be high on their priority list this year. These two things are actually interrelated, since the decrease in the corporate tax rate should free up money to invest in digital transformations — but it’s also important for manufacturers to understand how the new laws will affect their overall business strategy. According to an article from PwC, those that quickly adjust their strategies will be the big winners.

Manufacturers continue to face the age-old challenge of remaining competitive on price — and today they also need to bring value to customers beyond their product offerings. To kill those two birds with one stone, it can be beneficial to invest in lean manufacturing and e-commerce strategies while also putting funds toward addressing cybersecurity risks, given that security breaches are at all-time high.

Reasons for Manufacturing Business Loans
Manufacturers may seek loans for a variety of reasons, including:

  • Purchase business real estate
  • Refinance commercial real estate
  • Refinance business debt
  • Consolidate commercial loans
  • Manufacturing acquisition financing
  • Working capital
  • Equipment purchase and financing
  • Finance payroll
  • Manufacturing expansion
  • Pay for technology updates to streamline production
  • Purchase manufacturing equipment
  • Hire skilled professionals
  • Purchase and/or transport of raw materials to the production site
  • Invest in marketing efforts
  • Expand business operations and time-sensitive growth opportunities
  • Secure corporate operating costs resulting from increased government regulations

The Alternative Financing Situation
Clear Skies Capital is in the business of helping businesses like manufacturers overcome the challenges presented by bank financing — offering them options to help them grow and thrive. We have worked with manufacturers in a variety of industries, including:

  • Automotive suppliers
  • Electrical equipment and appliances
  • Equipment and machinery
  • Transportation equipment
  • Food and beverage
  • Furniture
  • Leather and allied products
  • Plastics and rubber products
  • Petroleum and coal products
  • Textiles and apparel
  • Primary and fabricated metal
  • Paper, printing and related support activities

Why are we the right choice for manufacturing operations? Here are just a few reasons:

  • Less than perfect credit is not a problem.
  • We offer flexible terms up to 48 months with fixed, biweekly payments and interest rates.
  • You’ll enjoy a streamlined funding process that includes very little paperwork.
  • Our funding decision isn’t linked to credit card receipts.
  • You can be approved within 24 hours and have 24-hour access to funding.
  • The interest on your loan is tax deductible.
  • You’ll benefit from excellent customer service.

The bottom line is this: unlike banks, which are often in the business of saying “no,” we’re in the business of saying “yes.” We want to partner with you to support your growth, with options that include:

  • Equipment Financing — Preserve your capital by leasing state-of-the-art equipment instead of purchasing it outright, giving you the flexibility to upgrade as necessary.
  • Lines of Credit — Be prepared to jump on opportunities by being approved for a line of credit, an open-ended revolving loan that allows you to access funds to a certain limit, pay it back and borrow it back again.
  • Working Capital Loans — Get $5,000 – $2,000,000 to use as you wish — capture time-sensitive opportunities, increase staffing, enhance your marketing or do something else to support your business.
  • Merchant Cash Advances — Take advantage of this unique option to access cash now by selling a portion of your future credit card sales — and use the funds as you please.

The Takeaway
If you manufacture products in the U.S., you know it’s important to stay abreast of new technologies that can help you remain competitive. Not having access to capital shouldn’t be an excuse to remain stagnant. CSC has worked with many manufacturers, so we’ll be delighted to share our expertise while investigating your loan alternatives with you. Why not schedule a free consultation today?