MANUFACTURING FINANCING

Manufacturing Business Loans to Help You Grow.

Don't delay, capitalize on an 85% approval rate now!

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Trusted by Manufacturing Companies

Upwise Capital

4.9

review us on

Jonathan F

21:12 08 Apr 24

Timely efficient, def would work with again, made the processs easy

Hatchet's & More

13:24 20 Mar 24

ETC 4 DISPATCH Logistics

20:43 13 Mar 24

Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.

Nothing But Hemp

20:13 08 Mar 24

Donna Essner

20:45 06 Mar 24

Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.

Merideth Cann

02:30 21 Feb 24

Leo provided a very quick turn around and is a pleasure to work with !

Alba De La Cruz

01:16 17 Jan 24

I worked with Leo. He is very attentive and professional.

Mohamed Khanafer

22:37 02 Nov 23

Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!

Tammy Sockwell

11:09 06 Oct 23

We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise

Sharon Johnson

14:57 18 Jul 23

Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.

Mike Maffei

14:40 20 Jun 23

You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.

Niyetroshia Thomas

15:17 06 Jun 22

I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!

Manufacturing Loans:

How They Can Help You

The financial side of running a convenience store can be one of the most difficult tasks of a retail business. Whether you’re a brick and mortar store or an e-commerce seller, we understand that convenience store businesses need support. It might seem overwhelming to manage cash flow through the unexpected ups and downs. That’s where business loans for convenience stores can help.

Open a New Location or Upgrade Your Store Fixtures

If you are a small business owner looking to remodel your convenience store or open a new location, then a convenience store loan can be used to finance your renovation project. Additionally, if you need a business loan for convenience store equipment, see our financing and leasing options.

What can

Manufacturing Financing:

be used for?

Purchase New Inventory

Importantly, varying sales can deplete inventory and impact customer satisfaction not having the right sizes
Convenience store inventory financing can be taken advantage of to purchase inventory, which can increase your wholesale purchasing power for merchandise

Hire More Staff

With convenience store business financing, you can address the need for hiring more staff during busy times of the year
Apart from financing hiring, you may also use funds from a convenience store loan for training costs and payroll to keep your employees happy

Marketing & Advertising

Use a convenience store loan to advertise and grow your customer base or promote a new store location
Build or optimize your website, add new signage, or place a magazine or newspaper ad to generate new customers

Types of Business Loans for the

Manufacturing Industry

Flip the card – hover over loan details to see more information.

Line of Credit
Working Capital
Equipment Financing
SBA Loan
Term Loan

Loan Amount

$5K to $250K

Unsecured Line of Credit

Loan Amount

$100K to $10MM

Secured Line of Credit

Loan Term

6 Months to 2 Years

Credit Score

500+

Secured Line of Credit: 620+

Interest Rate

7 % - 25 %

Time in Business

Greater than 1 Year

Speed

As Fast As Same Day

Annual Revenue

$150K+

Business Line of Credit

A revolving business line of credit gives access to a pool of funds to draw from when a business owner needs capital. Unlike a traditional business loan, you have the flexibility to borrow up to a set amount, repaying only the amount you withdraw, plus interest.

Funding Amount

$5K to $5MM

History

Positive Payment History

Time

3 to 18 Months

Credit Score

500+

Factor Rate

1.10 - 1.36

Time in Business

Greater than 3 Months

Speed

As Fast As Same Day

Annual Revenue

120K+

Working Capital

With this product, you are advanced cash in exchange for a percentage of your daily credit card and debit card sales, or your monthly revenue. Working Capital can be a quick and easy way to get a business cash advance with no need for collateral, even if you don’t have a good credit score.

Max Loan Amount

100% of Equipment Value

History

Good Financial History

and Tradelines

Loan Term

1 to 8 Years

or Expected Life of Equipment

Credit Score

500+

Interest Rate

As Low As 4 %

Time in Business

6 Months +

Start Ups Encouraged to Apply

Speed

As Fast As 2 Days

Annual Revenue

100K+

Equipment Financing

Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. A fast and easy way to finance the purchase of all types of equipment. With a secured loan against your equipment, you can take advantage of the equity in your existing equipment, or use newly-purchased equipment as collateral.

Loan Amount

$5K to $5MM

Loan Amount

$350K

SBA 7(a) Small & Express Loans

Loan Term

5 to 30 Years

Credit Score

650+

Interest Rate

Starting at 6.75 %

Time in Business

Greater than 2 Years

Speed

As Fast As 2 Weeks

Annual Revenue

Over $200K

SBA Loan

SBA loans are the government-backed loans your business needs. The U.S. Small Business Administration (SBA) is a federal agency designed solely to help small businesses get the funds they need. The SBA doesn’t actually lend you any cash, yet it establishes guidelines and guarantees portions of those loans by an approved SBA lender.

Max Loan Amount

$25K to $20MM

Profitability

Shown on Tax Returns

Loan Term

5 to 30 Years

Credit Score

620+

Interest Rate

7 % - 30 %

Time in Business

Greater than 2 Years

Speed

As Fast As 2 Days

Annual Revenue

Over $200K

Term Loan

A traditional business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate. The “term” in “term loan” comes from its set repayment term length, which will typically be one to five years long. Most business owners use the proceeds of term loans to finance a specific, one-off investment for their small business.

How to Apply for a Manufacturing Loan

What You Need to Qualify

See if your business meets the minimum working capital requirements.

Pros and Cons of

Manufacturing Loans

Careful planning is needed to maximize the pros while mitigating the cons for long-term business success.

PROS

Unsecured options for manufacturing loans consider the business financials without regards to personal credit scores, opening access to capital.

Fast loan decisions on applications mean manufacturers gain access to funds quickly to invest in operations.

Long-term financing matches the timelines for returns on major capital investments in plant and equipment upgrades.

CONS

Lengthy approval processes for large manufacturing loans involve more extensive documentation submissions and reviews.

Stricter financial reporting covenants during the repayment period add workload for financial management.

Using manufacturing equipment or facilities as collateral ties up valuable assets if the loan is not repaid.

Why Manufacturing Companies Choose Upwise

Apply Now for

Manufacturing Loans

Get multiple offers with one quick application.

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Company(Required)

Annual Revenue(Required)

Phone(Required)

Email(Required)

Time in Business(Required)

Credit Score(Required)

Manufacturing Financing:

FAQ

See below FAQ: Frequently Asked Questions by Manufacturing Companies

Can I qualify fora manufacturing business loan?, if I have bad credit?

Yes, even if you have a bad credit history, there are funding options available to you. At this time, short term loans, working capital, equipment financing and invoice financing are great options for those with less than average FICO scores.

How do I apply for a manufacturing loan?

You can apply for a small business loan for retail stores through Upwise Capital, we make the application process very simple for you. Simply visit our online application here or call us directly to apply over the phone at (646)837-5522.

The amount of paperwork required for your application will depend on the product you are interested in or what your business will qualify for.

Step 1: Choose the right product for your convenience store business

The first step is choosing the best financing or loan option that most aligns with your business needs. Consider what you’re using the funds for. Are you covering a short-term or long-term cost? Are you financing equipment or factoring receivables? We can assist you with choosing the best product for your needs, just give us a quick call at 646-837-5522.

Step 2: Gather & Submit Your Documents

Secondly, here is a list of documents required for most convenience store loan types:

Driver’s license
Voided business check
Bank statements from the past three months
Invoice for equipment (for Equipment Financing)
Credit card processing statements from the past three months (for Merchant Cash Advance)
Accounts Receivable Aging Report (for Accounts Receivable Factoring)
Accounts Receivable (for Accounts Receivable Factoring)
Debt Schedule (for Accounts Receivable Factoring)

Step 3: Fill Out an Application

Third, you can begin the application by filling out our online application or calling us directly.

Step 4: Speak to an Upwise representative

Fourth step, once you’ve submit your application, an Upwise representative will reach out to learn more about your business and explain your available options. Here we will go inform you of the repayment structures, rates, terms, conditions, etc. This way, you won’t have to worry about any hidden fees during the closing or repayment process.

Step 5: Receive your Approval

Last but not least, if and when you’re approved for funding, you will be presented with an offer and approval. If you agree to the terms and conditions, you will receive a funding contract.

How long will it take to receive my funds?

This will depend on the product you are applying for. We have issued business loans within 24 hours, as fast as the same day. The faster you provide us with the necessary documents, the quicker we can move on our end to expedite the process for you.

Approximate time for each product

Funds from business loans such as business term loans, lines of credit, working capital loans, equipment financing, merchant cash advance, account receivable factoring and revenue-based business loans should appear in your bank account within 1-3 business days. For SBA loans and real estate financing, it can take up to 2-5 weeks to receive funds.

What are the advantages of small business loans for manufacturing?

Convenience stores grow by taking on risks to expand and increase their revenue and bottom line. Thanks to retail loans, you can say “yes” when your cash flow would otherwise force you to say “no.” In other words, you don’t have to let expenses pile up, long gaps between compensation, or delays with payroll.

Cash flow shortages can make it difficult to retain high quality employees and build loyalty. This is one of the biggest challenges of retail businesses. Convenience business loans ensure that you’re always able to pay your employees on time, even when projects get delayed. After all, a larger team allows you to take on larger projects.

Other Advantages

You don’t need entirely consistent cash flow, a substantial bank balance, or excellent personal credit to be approved. You can still get funded in a matter of days, even if the majority of your operating capital is spoken for.

For this reason, many convenience store owners take out small business loans during the slow season so they can maintain funds to prepare for their busy season. In this case, we wouldn’t suggest a convenience store loan that requires you to make a large payment soon after you received the funding.

What are the disadvantages of small business loans for manufacturing?

Although there are many advantages to getting a convenience store loan, many small business owners don’t want to get themselves into too much debt. As stated previously, receivables in the retail industry can be inconsistent. With so many factors out of your control, it’s therefore tough to predict how busy you will be. Clearly, adding a loan payment to the mix might do more harm than good in some cases.

What if I have bad credit?

If your business credit or personal credit isn’t optimal, you may be ineligible for the best retail SBA programs. An SBA generally requires excellent credit because you’ll be receiving the best interest rate and loan terms up to 30 years. Some programs allow you to use real estate as collateral to help obtain the SBA loan as well.

Am I eligible to apply if I already have another loan?

Yes, even if you have another loan with a bank or lender, your business may still indeed be eligible. As long as you have not defaulted, have a good payment history and underwriting determines that your business can afford to payback the loan, you can still qualify for a business loan.

Is it hard to obtain a manufacturing business loan?

Importantly, this will depend on what type of convenience store business loan you are applying for. For example, an SBA loan is a lot harder to get approved for rather than an equipment financing loan. However, here at Upwise we offer a variety of loan options for you to choose from. In addition to this, each type of convenience store loan has different qualifications so that you can find the best solution that works for you.

What's the best business manufacturing loan?

See above, we go over the 6 best business loans for the manufacturing industry:

Working Capital for Manufacturing Companies
Equipment Financing for Manufacturing Companies
Real Estate Financing for Manufacturing Companies
Lines of Credit for Manufacturing Companies
SBA Loans for Manufacturing Companies
Term Loans for Manufacturing Companies

Rates & Terms

The rates and terms depend on a wide range of factors which determine your business’ risk score. This includes: the product you’re applying for, how long you’ve been in business, credit history, use of funds, revenue & other financial factors. To determine which manufacturing business loan is the best fit for your business, speak with a dedicated funding advisor to discuss your needs. Call (646)837-5522 today to compare your options.