Key Takeaways
- Average loan size: $375K
- Approval rate: 76% for qualified applicants
- Typical funding timeline: 10-21 Days
- Average borrower revenue: $2.1M
- Check your Bankability Score to see personalized options
A manufacturing business loan delivers the capital that producers need to purchase equipment, fund raw materials, expand production capacity, and manage the long cash conversion cycles inherent to industrial operations. Manufacturing businesses are asset-rich but often cash-poor—your factory floor may hold millions in equipment while your bank account runs thin waiting for receivables. Bankable connects manufacturers with lenders who evaluate your production capacity, backlog, and asset base rather than penalizing you for industry-standard payment terms.
Industry Challenges
- Capital-intensive equipment purchases ($100K-$5M per machine)
- Raw material costs requiring large upfront purchases with net-60 payment terms from customers
- Long production cycles (30-90 days) before products generate revenue
- Retooling and automation costs to remain competitive against overseas production
- Supply chain disruptions requiring alternative sourcing at premium costs
- Workforce training and retention in a tightening skilled labor market
Funding Solutions
- Equipment Financing: Fund CNC machines, industrial presses, robotics, and production line equipment. Terms up to 10 years with the asset as collateral.
- Asset-Based Lending: Borrow against your existing equipment, inventory, and receivables. Lines from $250K to $5M based on appraised asset value.
- SBA 504 Loans: Finance real estate and heavy equipment with just 10% down. Fixed rates for 20-25 years. Ideal for facility expansion.
- Purchase Order Financing: Fund raw materials for confirmed orders before you've produced a single unit. The PO serves as the basis for funding.
- Working Capital Lines: Revolving credit from $50K-$1M to manage payroll, utilities, and supplies between customer payments.
Capital Products
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Explore →Frequently Asked Questions
Virtually any production equipment: CNC machines, injection molds, industrial robots, conveyor systems, packaging lines, 3D printers, forklifts, and specialized tooling. Both new and used equipment qualify, with used equipment typically requiring 1-2% higher rates.
Asset-based lending uses your existing equipment, inventory, and accounts receivable as collateral for a revolving credit line. A lender appraises your assets, then provides a line typically worth 50-85% of receivables and 30-50% of inventory value. You draw and repay as needed.
Yes. SBA 504 loans are specifically designed for real estate and heavy equipment purchases, offering 10% down payments and fixed rates for 20-25 years. Conventional commercial real estate loans are also available with 20-25% down.
Equipment financing is available from $250K annual revenue. Asset-based lending typically requires $500K+. SBA loans require $300K+ with 2 years in business. Working capital products are available from $100K annual revenue.
Standard equipment financing: 7-14 business days. Larger transactions ($500K+) may take 14-30 days due to equipment appraisals. Working capital: 3-7 days. SBA loans: 45-90 days.