Manufacturers come in all forms regardless of the industry, and all industries need working capital to grow at one point or another. Whether your manufacturing company needs to update its machines and equipment, purchase inventory and supplies, conduct research and development for new products, or hire additional staff, Excel Capital Management can provide you with the working capital you need.
The Unique Cash Flow Requirement for Manufacturers
Cash Flow requirements vary depending on the type of manufacturing your business does. Some manufacturers experience seasonality effects, some run into cash flow issues over time, and almost all face competition in some form. Excel Capital Management is here to provide your business with the funding solution it needs to get over these hurdles.
Business Loan Options for Manufacturers
Excel Capital Management offers small businesses which have been operating for a minimum of three months, a chance to grow their business by flexibly and strategically granting them working capital and business loans for manufacturers. There are no restrictions on what you can or cannot do once the loan is credited to your account and you can use it as you please to grow your dealership. Here are the top 5 reasons manufacturers obtain business loans:
- Equipment Purchases – Industries are always changing, and it’s important to stay up-to-date with the latest equipment – we all know it isn’t cheap.
- Payroll – Running a manufacturing business requires many employees to keep everything in order. A lot of these business run into periods where they need additional capital to cover payroll and to keep all employees happy.
- Invoicing – Most manufacturers receive payment from vendors 30, 60, or even 90 days after a job is completed, therefore they find themselves with a lack of revenue during certain times of the year.
- Large Projects – Most manufacturers take on major projects that require large, upfront investments to produce the products they want to sell.
- Taxes – No business owner enjoys tax time. Manufacturers are no exception, and many find themselves in need of a business loan to cover the high cost of filing their taxes each year.
Excel Capital Management understands the hard work that you put in when running a small business and the need for proper business funding on both rainy and sunny days, and that is exactly why they have designed flexible and convenient loan options to what options Excel Specializes in.