For all the big talk about the wide variety of financing options for businesses from virtually every industry, the fact that distribution and manufacturing loans exist tends to get overlooked and underestimated by most lenders. In turn, manufacturers and distribution businesses that would benefit most from these loans are often left in the dark when it comes to knowing their available options. Read on to make sure you aren’t missing out on the opportunity to better your distribution or manufacturing company by getting the capital you need to cover virtually any business expense, including upgrading equipment, purchasing materials in bulk, expanding or relocating your building, or bridging gaps in cash flow!
Small Manufacturing Businesses: Now is Your Time to Grow
According to an industry analysis conducted by Hoovers, while there are hundreds of thousands of manufacturers in the U.S., the 50 largest manufacturing companies account for 60% of the industry’s annual revenue. As a result, the health of U.S. manufacturers is important to maintaining and growing our national economy. The business cycle for owners in the manufacturing and distribution industries relies on keeping equipment and materials flow in balance. Their equipment must be dependable and there must be a process in place to ensure it is maintained and quickly repaired with minimal downtime.
Additionally, suppliers often require payment up front so manufacturers must have quick access to working capital. This can be difficult when their capital is usually their profit from the sale of the goods they manufacture. Sometimes their only option available is to obtain funding through outside financing companies. Many of these manufacturing companies have used NBC’s manufacturing loans specialized for small business use with great results, and have grown and expanded in ways they never thought they could!
Small Distribution Firms: Refuel, Restock, Replenish!
Hoovers additionally states that of the over 300,000 wholesale-distribution firms in the U.S., the top 50 generate over 25% of that industry’s annual revenue. As an integral part of the manufacturing supply chain for American businesses, distributors face an issue similar to that of manufacturers when their inventory/restock processes, fueled by revenue, reach a cash flow crunch. Those who have established a business financing relationship with National Business Capital know exactly where to turn to locate the distribution loans their companies require. Over 90% of distribution firms that contact National Business Capital get approved for the exact kind of financing they seek to grow their business, and have grown exponentially as a result.
What You Can Do with
Distribution and Manufacturing Loans
When seeking manufacturing business financing and wholesale/distribution business financing, traditional financial institutions such as banks are not the best sources. Their funding criteria will disqualify anyone with a less than spotless credit history or an open tax lien. Application documentation and paperwork can be extensive. Once submitted, it may be weeks or even longer before a decision is reached. This is not expedient to manufacturers who require funding almost immediately to stay on track. National Business Capital, as a leading alternative financing company, understands the needs of manufacturers and distributors and offers a number of manufacturing distribution business financing options they may use for any business expense, including:
- Investing in technology-driven upgrades such as software and equipment to increase productivity
- For manufacturers, the costs involved to purchase and to transport raw materials to their production facility
- For distributors, the funds to purchase inventory and to restock their warehouses
- Time-sensitive business opportunities and facilities expansion
What Kinds of Manufacturers and Suppliers Does NBC Work With?
- Automotive Suppliers
- Textiles and Apparel
- Metal Fabricators
- Equipment and Machinery
- Petroleum Products
- Electrical Equipment
- Food and Beverage
- Drop Shippers
- Buying Cooperatives
- Importers and Exporters
- Industrial Parts and Components Distributors
How Hard is it to Get Loans for Manufacturers and Distributors?
Not hard at all! Especially through our streamlined and expedited funding process that offers:
- An application that takes less than a minute to complete
- Realistic underwriting criteria that is not FICO-based
- Financing decisions within 24 hours or less
- Once approved, money deposited into their account within days
- No vendor restrictions
- Flexible terms available
Take the Next Step Towards Fast Funding
For those in the manufacturing and distribution industries where their business flow is not always conducive to supporting cash flow, call National Business Capital. Establish an ongoing financial relationship with our Business Financing Advisors to get manufacturing loans and distribution financing options quicker and easier than you’ll find anywhere else. We want to be there for you and your business whenever it requires additional financial support to continue to grow and to thrive. Call us today at (877) 482-3008.