Manufacturing
Manufacturing businesses require heavy upfront investment in machinery, raw materials, and production facilities, often months before receiving payment from customers. Impruvu connects manufacturers with funding from $50,000 to $5 million for equipment purchases, supply chain financing, and facility expansions, with lenders who understand production cycles and purchase order-driven revenue.
Funding for Manufacturing
Manufacturing is one of the most capital-intensive industries in the economy. A single CNC machine can cost $50,000 to $500,000, and a full production line upgrade can exceed $1 million. Beyond equipment, manufacturers must purchase raw materials in bulk, often paying suppliers on net-15 or net-30 terms while their own customers pay on net-60 or net-90 terms. This mismatch between payables and receivables creates chronic working capital pressure, especially for growing manufacturers taking on larger orders.
Impruvu partners with lenders who specialize in manufacturing finance and can evaluate funding requests based on equipment value, purchase orders, and production contracts rather than relying solely on historical financial statements. Equipment financing with terms up to 7 years covers everything from lathes and presses to packaging systems and industrial robots. Accounts receivable financing lets you borrow against outstanding invoices to cover materials and payroll while waiting for customer payments.
For major investments like new production facilities, additional warehouse space, or acquisitions of complementary manufacturing operations, SBA loans up to $5 million provide long-term financing at competitive rates. Many manufacturers use a combination of equipment financing for capital expenditures and a revolving line of credit for ongoing materials purchasing and payroll coverage.
Common Manufacturing Funding Challenges
Why Choose Impruvu for Manufacturing Funding
- Equipment financing up to $5M for CNC machines, production lines, industrial robots, and specialized manufacturing equipment
- Purchase order financing that provides capital to fulfill large orders before your customer pays
- Accounts receivable financing to bridge the net-60 and net-90 payment cycles common in manufacturing
- SBA and term loans for facility expansion, warehouse buildouts, and acquisition of complementary operations
Recommended Funding Products
Frequently Asked Questions
Virtually all manufacturing equipment qualifies for financing, including CNC machines, lathes, milling machines, injection molding equipment, industrial presses, welding systems, packaging lines, industrial robots, 3D printers, and quality control instruments. Both new and used equipment are eligible. Used equipment financing typically covers machines up to 10-15 years old depending on the equipment type and remaining useful life.
Purchase order financing provides capital to cover the cost of raw materials, labor, and production expenses needed to fulfill a confirmed customer order. The lender advances up to 100% of the supplier costs based on the value of the purchase order. When you deliver the finished goods and invoice the customer, the PO financing is repaid from the receivable. This allows manufacturers to accept large orders without the working capital to fund production upfront.
Requirements vary by product. Equipment financing typically requires 6 months in business, $100,000 or more in annual revenue, and a 550+ FICO score. Lines of credit generally require 12 months in business and $150,000 or more in annual revenue. SBA loans require 2 years of operating history, a 650+ credit score, and detailed financial documentation including tax returns and a business plan.
Yes. SBA 504 loans are specifically designed for major fixed-asset purchases including manufacturing facilities, warehouses, and production space. These loans offer up to $5 million with 10-25 year terms and below-market interest rates. Conventional commercial real estate loans are also available. For tenant improvements and buildouts in leased spaces, equipment financing or term loans can cover the costs.
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