Best Manufacturing Business Loans

  • Get up to $750K financed within 1-2 days
  • Interest rates as low as 7%
  • 6-month to 2-year term length
  • Transparent loan terms
  • No collateral requirements
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Manufacturing Loans

Clarify helps manufacturers and distributors pursue the American dream and grow their businesses by providing working capital to fund their ambitions.

Best Business Loans for Manufacturers

Manufacturing business owners usually have a large overhead of expenses with equipment, raw materials, staff, and real estate. Having working capital is key to meet growing demand for products. That's where Clarify comes in.

We are committed to providing manufacturers the financing needed to achieve their business goals.

By utilizing our network of 75+ lending companies, Clarify offers the lowest APRs and makes the approval process simple. Let one of our dedicated loan advisors walk you through the process and have money in the bank within 24-48 hours.

Benefits of Manufacturing Loans

Manufacturing is a resource-intensive industry that requires constant access to working capital to purchase inventory, upgrade equipment, and hire skilled professionals. Anticipating financial needs in advance is key to meeting your business goals as an owner. Clarify can provide the growth capital needed to keep up with demand.

Cover cashflow shortages

When demand is lower during seasonal trends, a line of credit or term loan can help pay for expenses and keep things running smoothly.

Buy inventory to meet growing demand

Maximize revenue potential by buying bulk inventory for your most popular products. Meet growing customer demand across your distribution channels.

Expand your operation

Grow your business by opening a new facility, buying more equipment, and hiring more qualified employees.

Research & development of new products

Fund R&D efforts to bring new products to the market. With the economy on an upward trajectory, now is the time to invest in expanding your offerings.

Upgrade manufacturing equipment

Equipment is the lifeblood of running a successful manufacturing company. A business loan makes it easy to purchase new equipment or upgrade aging technology.

Hire more skilled staff

Hiring highly qualified employees is expensive and comes with overhead expenses. Raising a financing round can cover payroll during slower market conditions.

Top 5 Loans for Manufacturers and Distributors

There are multiple types of small business lending options that manufacturing business owners can tap into. Navigating all the different loan types and financial terms can feel a bit overwhelming. We strive to make the process simple and transparent. Having funded thousands of businesses, where are the types of loans we recommend to manufacturing business owners:

1. Equipment Loans for Manufacturing: Best for Financing Machinery and Hardware

The success rate of manufacturers has a direct correlation to their equipment. If your machinery breaks down, business will come to a grinding halt. It's also one of the biggest expense for most business owners.

An equipment loan lets you finance up to 100% of the cost to purchase, upgrade, or repair equipment. Buying new technology or upgrading old machines can improve efficiency and output -- which will have a positive effect on your bottom line ROI.

Apply for Equipment Loan

2. Invoice Factoring for Manufacturing: Best for Improving Cashflow

Almost every manufacturer has cash flow tied up in unpaid invoices and trade credits at some point. Invoice factoring (also known as invoice financing) lets you get your money upfront from a lender by using the unpaid invoices as collateral.

Factoring has an additional benefit: your personal credit score is not a concern since the lender would instead look at the credit rating of the business that owes you money on the invoices. The factoring process also only takes 1-2 days.

Apply for Invoice Factoring

3. Short Term Loans for Manufacturing: Best for Immediate Capital Needs

Term loans provide your business with a lump sum infusion of cash. You get approved by Clarify for a set loan amount at a fixed interest rate that is paid back over a specified term length. We tailor the term loan to fit your specific business needs to help you achieve your goals.

Interest rates for term loans start as low as 7% and have a term length of up to 2 years. There is no collateral needed to get approved for a short-term loan through our marketplace. Funds raised with a term loan can be used for any type of business expense.

Apply for Term Loan

4. Business Line of Credit for Manufacturing: Best for Growth Opportunities

In an ideal business scenario, you want to have access to working capital to jump on opportunities -- instead of trying to fix emergencies. A business line of credit allows you to withdraw funds from a credit line when needs arise.

A business line of credit is a hybrid funding solution that is between a credit card and a term loan. Clarify approves you for a set credit limit that is always available for you to use for business expenses. You only pay interest on amounts that are utilized, thus being a cost-efficient type of funding.

Apply for Line of Credit

5. SBA Loans for Manufacturing: Best for Excellent Credit Scores

SBA loans are provided by lenders approved by the Small Business Administration. They are lump sum loans similar to term loans -- with the key difference being that they are partially guaranteed by the federal agency up to 80%. In order to qualify for an SBA loan, you need to have an excellent credit score and go through a lengthy paperwork process. As such, SBA loans are only recommended for manufacturers who are not in urgent need of funding.

Apply for SBA Loan

Frequently Asked Questions about Manufacturing Loans

Yes, business owners with lower credit scores can be eligible. While you need to have excellent credit for certain loan types, like SBA loans, for example, there are additional financing options out there with less stringent credit requirements.
The amount varies based on your company and the type of funding you choose. At Clarify, we provide funding up to 750k. Smaller loan amounts are also available.
Popular funding options include: invoice factoring, installment loans, business line of credit, SBA loans, and equipment financing. The right financing type for you should be a match for your unique business objectives and preferences.
A manufacturing loan can be used to cover a wide range of business-related expenses. Borrowers often use funds to purchase machinery, pay for unexpected costs, and to free up cash flow. An infusion of working capital can help you purchase raw materials, buy real-estate, hire, and more.

Types of manufacturing businesses we've funded

  • check Metal manufacturing and machinery
  • check Petroleum, chemicals and plastics
  • check Food production
  • check Electronics and computers
  • check Clothing and textiles
  • check Transportation
  • check Wood, leather and paper
  • check Toys manufacturers
  • check Home goods
  • check Distributors, suppliers, and other vendors
  • check Other manufacturing industries

Potential use of funding for manufacturing businesses

  • keyboard_arrow_right Pandemic PPE
  • keyboard_arrow_right Covid-related costs
  • keyboard_arrow_right Bulk purchase of raw materials
  • keyboard_arrow_right Equipment purchases & repairs
  • keyboard_arrow_right Fulfill large orders from customers
  • keyboard_arrow_right Development of new products
  • keyboard_arrow_right Delivery and shipping costs
  • keyboard_arrow_right Payroll & taxes
  • keyboard_arrow_right Operating expenses
  • keyboard_arrow_right Hiring new employees, training, and education
  • keyboard_arrow_right Advertising & marketing
  • keyboard_arrow_right Overcoming unanticipated business expenses
  • keyboard_arrow_right Refinance existing debt

Dedicated experts in manufacturing financing

When you choose Clarify, we consider you family -- and work with you through the ups and downs of running your manufacturing business.Manufacturing Financing Team

keyboard_arrow_right See why manufacturers love Clarify

Manufacturing business loans

"I have worked with Clarify Capital to secure multiple loans for my company of the past few years. They are professional, trustworthy and efficient in all of their work. They overcame obstacles to get my company the funding they needed to continue our growth. The funding allows me to buy raw materials at a discount, improving my profitability."

Toy Manufacturer
New Jersey
5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 252 reviews on Trustpilot

Ready To Grow Your Manufacturing Business?

Get approved for manufacturing financing today and have money in your account within as little as 24 hours. No obligation -- prequalify without affecting your credit!