Factors offer manufacturing financing tailored to your manufacturing business, process, industry, and financial situation.
Factoring companies provide Production Finance, WIP Funding, and Inventory Financing. Factors offer financing options, services, and programs that can help manufacturing companies in the US, Canada, with their financing needs.
WIP Funding (or Work in Process Financing) is transaction-driven. WIP Funding’s focus allows factors to fund the nation or under bankable companies.
Unlike traditional finance sources, WIP Funding’s unique entrepreneurial approach is not solely concerned with the balance sheet, income statement, and time in business but the economics of the opportunity at hand.
The Parameters in our Manufacturing Financing Deal:
Management Background & Expertise
Factors finances companies with proven expertise in their field, even if they are a start-up. If owners have bruised or limited personal, factors can look at your track record and backgrounds to see if you have executed similar product fulfilments in the past. Factors have deep manufacturing industry expertise.
Reliable Suppliers Sources
Factoring companies fund transactions with suppliers, subcontractors, and manufacturers that have a proven track record. Factors do due diligence on all the parties involved to protect both you and us.
Solid & Client Friendly Purchase Orders and Contracts
Factors will provide financing based upon a firm and valid purchase orders issued by creditworthy companies or governmental entities. They will not support consignment transactions or typically pay when paid clauses unless it’s possible to mitigate the risk.
Client Payment that can be verified
Factoring bridges the working capital gap to manufacture inventory to fulfill purchase orders and contracts. Factors are typically taken out or repaid by a bank, factor, asset-based lender, letter of credit or direct repayment by the ultimate end customer.
Factoring companies can help:
- Solve cash flow problems
- Fund 100% of the cost of inventory
- Equipment Financing for Manufacturing Company
- Manufacturing Finance for Manufacturing Equipment
- Provide an alternative to factoring over-advances or high-cost merchant cash advances
- Capital equipment loans when slower traditional financing institutions say no
- Provide transactional financing from $50,000-$10,000,000 and greater
WIP Funding Finances Your Growth Opportunities!