Industry
Buy materials and run production before the customer pays.
✓ Checking what you qualify for does not affect your credit score.
"Wholesale trade and most manufacturing" is on the commonly eligible list on our eligible industries page. Manufacturing covers NAICS sectors 31 to 33. The word "most" matters: oil and gas, power generation, mining and cannabis are on the typically restricted list on the bank-style tier, so a refinery or a cannabis processor would not fit that product.
The Census Bureau's 2022 County Business Patterns count 285,500 manufacturing establishments in the United States employing 12,188,330 people. In South Florida there were 2,137 in Miami-Dade and 1,413 in Broward, from food processors and cabinet shops to aerospace parts and printing.
For machine shops specifically, see our existing machine shop funding hub; this page covers manufacturers more broadly.
A manufacturer pays for everything before it gets paid for anything. The cash conversion cycle runs from buying raw materials, through work in process and finished goods, to collecting the receivable.
| Stage | Cash going out | When cash comes back |
|---|---|---|
| Order received | Raw materials and components, sometimes with supplier deposits | Not yet |
| Production | Labor, utilities, consumables, machine time | Not yet |
| Finished goods and shipping | Packaging, freight, storage | Not yet |
| Invoice | Nothing new | Customers often pay on net 30 to net 60 terms; large buyers may take longer |
| Equipment cycle | Machine purchases, tooling, repairs | Spread over years of production |
Large orders are the classic squeeze: winning a contract can double material costs for a quarter before revenue arrives. Supplier terms and price swings in steel, aluminum, resin or lumber change how much cash an order ties up. Seasonal demand affects many makers, from food and beverage to building products. Equipment failures stop production, and a repair or replacement cannot wait for a bank's timeline.
| Need | Product that usually fits | Why |
|---|---|---|
| Raw materials for a large order | Term loan | Fixed amount, weekly payments, 0% origination; pay off early when the customer pays and save half the remaining interest |
| Recurring material buys and payroll between invoices | Line of credit | Draw as orders come in; interest only on what is drawn |
| Machines and tooling | Equipment financing | Spread the cost over the equipment's productive life |
| Large receivables from creditworthy customers | Invoice factoring | Turn approved invoices into cash |
| Shop already carries a daily-debit advance | MCA refinance | $10,000 to $100,000; move to a more predictable structure |
Term loans run 12 to 18 months with weekly payments, are capped at 15% of annual revenue and must be in first position; a full early payoff earns a 50% discount on the remaining interest. Lines of credit run 12 to 36 months, with a $10,000 minimum draw and no origination fee, maintenance fee or early payoff penalty. Details are on the business term loans and business line of credit pages; your offer governs.
The figures below are illustrative only. They show how the published term loan rules work; they are not an offer or a client story, and interest depends on your offer.
A metal fabricator with about $2,000,000 in annual deposits wins a $400,000 order for structural brackets. It needs $150,000 of steel and consumables before production, and the customer pays net 45 after delivery.
| Item | Amount |
|---|---|
| 15% revenue cap on $2,000,000 | $300,000 |
| Term loan product maximum | $250,000 |
| Amount requested for materials | $150,000 |
| Origination fee | $0 (0%) |
| Payments | Weekly, over 12 to 18 months |
| If $6,000 of interest is still scheduled when the customer pays and the loan is paid in full | $3,000 of that interest is waived (50% discount) |
The cap is the lower of 15% of annual revenue and the $250,000 product maximum. The term loan has to be in first position, so a shop carrying an advance would look at a buyout first. Partial prepayments do not trigger the early payoff discount; plan to pay off in one step when the receivable lands.
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
South Florida manufacturers can also read our Hialeah business loans page, where manufacturing and warehousing are a large part of the local economy, and the machine shop funding in Florida page.
Yes. Wholesale trade and most manufacturing are on the commonly eligible list. Oil and gas, power generation, mining and cannabis are typically restricted on the bank-style tier.
Term loans run from $10,000 to $250,000 and are capped at 15% of annual revenue.
Yes, through equipment financing, which spreads the cost over the machine's productive life.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
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