Manufacturer Funding
Manufacturers are projected to generate $6 trillion in revenue in 2022. Keep up with demand, outperform your competition, and grow your business with up to $500,000 in funding from NextGen Capital® in just 24 hours.
Fast, Easy Manufacturer Funding When You Need It
Securing the funding your manufacturing business needs from a traditional lender like a bank can be difficult. These lenders often consider manufacturing loans to be “high risk” due to industry decline, inconsistent cash flow and lean profit margins, and high overhead. The funding application process can take months with no guarantee of approval, and opportunities to expand or take on new projects can easily pass by while you wait.
With a streamlined online application, faster turnaround, and flexible approval requirements, NextGen Capital is able to approve more manufacturer funding than traditional lenders like banks or the SBA, often in just one business day. We provide a variety of alternative manufacturer funding options to help drive your business’s growth, with funding from as low as $3,000 up to $500,000. We fund all manufacturing specialties, including chemical manufacturers, computer and electronics manufacturers, food production, clothing and textiles, wood and paper products, and more.
Manufacturer Funding Solutions
Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your
goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How You Can Manufacturer Funding
There are no restrictions in place on how you can use your funds. Manufacturer Funding funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Manufacturer Funding?
Exact qualification requirements depend on the type of manufacturer funding you are seeking. Approval for manufacturer funding from NextGen Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Manufacturer Funding Works:
Manufacturer Funding Q&A
Yes, upgrading or purchasing new equipment is an excellent way to use manufacturing funding. It can improve efficiency, increase production capacity, and enhance the overall quality of your products. To begin the process, simply fill out our one-page application, and a Funding Advisor will reach out to discuss your options.
You can secure funding through traditional lenders like banks or the SBA, but these often require extensive paperwork and long approval times. Alternative lenders like NextGen Capital offer more flexible approval criteria, considering your business’s overall health instead of just your credit score. Revenue-based financing options, such as merchant cash advances, are ideal for businesses with lower credit scores.
NextGen Capital provides a straightforward application process, with approvals and disbursements possible within 24 hours. To get started, complete our simple one-page application or speak with a Funding Advisor today.
Most traditional banks consider manufacturers to be high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, often in less than 24 hours.
