Business Loan for Manufacturers and Distributors
The most competitive financing options for manufacturers and distributors
- Get up to $5M financed within 1-2 days
- Interest rates as low as 6%
- Flexible term lengths between 6-month to 2-year
- Transparent loan terms
- No collateral requirements
- Minimal documentation
Won’t impact your credit
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Expert lending advisors
Best Business Loans for Manufacturers
Manufacturing business owners typically incur significant overhead expenses related to equipment, raw materials, personnel, and real estate. Access to working capital is essential to meet the increasing demand for products. This is where Configure Capital can assist. We are dedicated to providing manufacturers with the necessary financing to fulfill their business objectives.
By leveraging our extensive network of over 75 lending institutions, Configure Capital offers competitive annual percentage rates (APRs) and streamlines the approval process. We invite you to let one of our committed loan advisors guide you through the process, enabling you to secure funding within 24 to 48 hours.
Benefits of Manufacturing Loans
The manufacturing sector is characterized by its resource-intensive nature, necessitating continuous access to working capital for the procurement of inventory, enhancement of equipment, and recruitment of skilled personnel. Proactively anticipating financial requirements is essential for aligning with the objectives of business ownership. Configure Capital stands ready to furnish the growth capital necessary to meet prevailing demand.
Cover cashflow shortages
Buy inventory to meet growing demand
Expand your operation
Research & development of new products
Fund R&D efforts to bring new products to the market. With the economy on an upward trajectory, now is the time to invest in expanding your offerings.
Upgrade manufacturing equipment
Hire more skilled staff
Hiring highly qualified employees is expensive and comes with overhead expenses. Raising a financing round can cover payroll during slower market conditions.
Meet your Configure Capital advisors
We make sure you’re getting the best fast business loan, and set your company up for success. See how it works →
Minimum Requirements
To speed up your business loan process, here’s what manufacturers and distributors typically need. Even if you have a bad personal credit, your lending advisor will guide you through your options.
$10,000 gross monthly revenue
Your company must be earning at least $10K per month in a business bank account. You can take the average of the last several months.
Over 500 credit score
While you can get approved with any credit score, lenders will provide much better interest rates if your score is at least 500. The higher the better.
6+ months in business
The longer you’ve been in business, the more confidence lenders have in providing you funding. The bare minimum is 6 months.
You have a business bank account
Your current revenue must be getting deposited into a business bank account. Lenders don’t approve funding to personal bank accounts. Keep the last 3 months of business bank statements handy as proof of income.
Small Businesses ❤️ Configure Capital
Have used Configure Capital for multiple loans
Stephanie N.
Configure Capital helped me during a slow period
Running a distribution business has its ups and downs. When I faced a cash crunch, Configure Capital stepped in. Their process was easy and I received the funding faster than I thought. I can now focus on expanding without worrying about finances.
Cheri S.
Helped grow my distribution network
Aaron H.
Top 5 Loans for Manufacturers and Distributors
1. Equipment Loans for Manufacturing: Best for Financing Machinery and Hardware
The success rate of manufacturers is directly correlated to the performance of their equipment. Should machinery experience a breakdown, operations may face significant disruption. Additionally, equipment maintenance represents one of the largest expenses for many business owners.
An equipment loan provides an opportunity to finance up to 100% of the costs associated with purchasing, upgrading, or repairing machinery. Investing in new technology or enhancing existing equipment can lead to improved efficiency and productivity, ultimately resulting in a favorable impact on the bottom line return on investment (ROI).
2. Invoice Factoring for Manufacturing: Best for Improving Cashflow
It is common for manufacturers to have their cash flow impacted by unpaid invoices and trade credits at various points in time. Invoice factoring, also referred to as invoice financing, provides a solution by allowing businesses to receive their funds upfront from a lender, using the outstanding invoices as collateral.
An additional advantage of factoring is that it alleviates concerns regarding personal credit scores, as the lender evaluates the creditworthiness of the business responsible for the unpaid invoices. Furthermore, the factoring process is efficient, typically completed within one to two business days.
3. Short Term Loans for Manufacturing: Best for Immediate Capital Needs
Term loans offer businesses a substantial one-time cash injection. Upon approval from Configure Capital, you will receive a fixed loan amount at a predetermined interest rate, repayable over an established term length. We customize the term loan to accommodate your specific business requirements, thereby facilitating the achievement of your objectives.
Interest rates for term loans commence at an advantageous rate of 7%, with terms extending up to two years. Notably, no collateral is necessary for obtaining approval for a short-term loan through our marketplace. The funds procured via a term loan may be allocated to any business-related expenditure.
4. Business Line of Credit for Manufacturing: Best for Growth Opportunities
In an ideal business environment, access to working capital is essential for capitalizing on emerging opportunities, rather than solely addressing urgent situations. A business line of credit provides the flexibility to withdraw funds when necessary.
This financing solution serves as a hybrid between a credit card and a term loan. Configure Capital grants approval for a predetermined credit limit, which remains accessible for business expenditures. Interest is accrued only on the amounts utilized, making this a cost-effective funding option.
5. SBA Loans for Manufacturing: Best for Excellent Credit Scores
Types of Manufacturing Business Loans
Explore the funding solutions we offer to manufacturers and distributors. Our loan experts will guide you to pick one that aligns best with your business goals.
You deserve low rates and an honest lender who has your back.
From our humble beginnings in 2018, we remain committed to helping American manufacturing achieve success. We keep things simple, convenient and transparent. Read our manifesto →
Potential use of funding for manufacturing businesses
Manufacturing businesses, with their complex operations and dynamic market demands, have a range of financial needs. From upgrading machinery to scaling production or even entering new markets. Here’s some potential ways to best to use your funding from Configure Capital:
- Bulk purchase of raw materials
- Equipment purchases & repairs
- Fulfill large orders from customers
- Development of new products
- Delivery and shipping costs
- Payroll & taxes
- Operating expenses
- Hiring new employees, training, and education
- Pandemic PPE or Covid-related costs
- Advertising & marketing
- Overcoming unanticipated business expenses
- Refinance existing debt
FAQs about Manufacturing Loans
Can I get a manufacturing loan with a low credit score?
Yes, business owners with lower credit scores can be eligible. While you need to have excellent credit for certain loan types, like SBA loans, for example, there are additional financing options out there with less stringent credit requirements.
What is the average manufacturing business loan amount?
What financing is available for manufacturers?
Popular funding options include: invoice factoring, installment loans, business line of credit, SBA loans, and equipment financing. The right financing type for you should be a match for your unique business objectives and preferences.
How can I use a manufacturing business loan?
A manufacturing loan can be used to cover a wide range of business-related expenses. Borrowers often use funds to purchase machinery, pay for unexpected costs, and to free up cash flow. An infusion of working capital can help you purchase raw materials, buy real-estate, hire, and more.
Types of Businesses We Fund
- Metal manufacturing and machinery
- Petroleum, chemicals and plastics
- Food production
- Electronics and computers
- Clothing and textiles
- Transportation
- Wood, leather and paper
- Toys manufacturers
- Home goods
- Distributors, suppliers, and other vendors
- Other manufacturing industries
Ready to grow your manufacturing business?
Get approved for manufacturing financing today and have money in your account within as little as 24 hours. Prequalify without affecting your credit score!
