Factoring for Manufacturing Companies

Maintain consistent cash flow and keep production flowing with invoice factoring for your manufacturing company.

Funding Solutions for Your Manufacturing Company

In the manufacturing industry, managing ongoing projects, balancing invoices, and ensuring smooth operations during both busy and slow seasons are essential tasks. Needing working capital and managing cash flow issues in manufacturing shouldn’t add to your business’s complexity. This is where manufacturing invoice financing and accounts receivable factoring can help, whether you’re a small business just getting started or an established medium-size business.

At Porter Capital, we’re a factoring company that is committed to streamlining your finances, allowing you to concentrate on what you do best — manufacturing. Say goodbye to waiting up to 90 days for payments and hello to quick, reliable invoice processing with our comprehensive factoring services for manufacturers.

Our team at Porter Capital understands the pulse of your industry. We offer tangible solutions, including manufacturing factoring, that help maintain a smooth production line, cover costs for raw material needs and equipment, manage payroll, and support your operations, even in quieter times. Our factoring company equips you with the financial stability you need to stay ahead in your field.

Let’s leap over the hurdles of unpredictable market conditions together. At Porter Capital, we’re not just offering our invoice factoring service; we’re offering a partnership to help your manufacturing business thrive. With our help, your invoices will work for you, bolstering your business against the challenges of the manufacturing industry. Join us, and together, let’s gear up for your future growth.

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Explore our range of alternative financing solutions. Discover how we can support your business objectives and facilitate growth. Find Out More.

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Manufacturing Deals We’ve Funded

At Porter Capital, we provide factoring for manufacturing companies needing simplified funding assistance. Check out some of the deals we’ve funded for the manufacturing industry below.

$300K Funded to an Ice Cream Producer

$3M Funded to a Toy Manufacturer

$200K Funded to a High-End Shoe Manufacturer

$4M Funded to a Vending Machine Manufacturer

$500K Funded to a Machine Parts Manufacturer

$1.5M Funded to a Designer Footwear Manufacturer

$500K Funded to a Jet Engine Components Manufacturer

$2M Funded to a Tire Manufacturer and Importer

$4M Funded to a Sportswear Apparel Company

How Porter Capital Helps Manufacturing Companies

Say goodbye to the hassles of complex bank loans and welcome instant cash flow with manufacturing factoring! Our application process for manufacturing invoice factoring is straightforward, meaning your business can often be approved in a matter of days. While we’re more than ready to provide long-term partnership, we offer you the flexibility to choose which invoices to factor—there’s absolutely no obligation to factor every single one.

Equipped with a deep interest in understanding your business, our committed team stands ready to help. Share your cash requirements with us, submit your invoices, and watch as your financial resources expand using receivable financing! Our manufacturer factoring company is here to help you add working capital and manage your essential expenses without delay.

Further enhancing your experience, our client service representatives are eager to offer assistance with collections, back-office support, credit insurance, and more. Get in touch with our team to find out how manufacturing invoice factoring and a business partnership with Porter can drive your business forward!

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Find the Right Financing Solution for Your Needs

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Invoice Factoring

Invoice factoring for companies seeking funding to improve their finances while waiting for customers to pay invoices.

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A/R Financing

Small and large companies can maximize their operations with capital advances offered by our AR factoring services.

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Common Startup and Ongoing Costs for Small Businesses

Asset-Based Lending

With our asset-based lending options, you can improve cash flow and feel confident creating new business growth.

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Manufacturing Factoring: A Flexible Financial Solution

Manufacturing factoring, often referred to as invoice factoring, is a financial resource designed specifically to address the unique needs of the manufacturing industry. It’s not merely a means to convert invoices into immediate cash—it’s a multifaceted solution that:

Establishes a Tailored Payment Cycle: Transforming invoice processing according to your operations’ tempo. This greatly smooths your financial path, especially during the ups and downs of demand.
Expertly Handles the Fluctuations of the Manufacturing Industry: Effectively addressing potential cash flow issues during periods of low demand or high output.
Ensures Consistent Cash Flow: A crucial aspect in keeping your production line operational and primed for scaling.
Aids in Effective Cost Management: Our financing services are designed to sustain your operations and manage your production costs. In the ever-changing landscape of manufacturing, a solid cash flow solution is vital. It doesn’t matter if your business is just cutting its teeth at five years or has been a resilient player for 50, you’ll invariably face the unpredictability of demand fluctuations. This is where manufacturing factoring steps in, serving as your trusted financial ally. Manufacturing invoice factoring goes beyond just facilitating quick cash infusion, bringing with it a multitude of benefits tailored for the unique needs of manufacturers.
A Dependable Alternative Funding Source: Invoice factoring steps in seamlessly, especially when securing funding becomes difficult due to credit evaluations or collateral checks not hitting the mark.
Guaranteed Financial Reliability: A manufacturing business cannot afford to have daily production costs compromised. Factoring assists in meeting short- and long-term expenses, bolstering your industry growth.
An Anchor of Financial Stability: With factoring, say hello to stress-free production all year round. You get the comfort of knowing your invoice payment isn’t lingering somewhere out there—it’s right there in your pocket, ensuring a stable financial standing.

So, consider partnering with Porter Capital for your accounts receivable factoring. This proactive choice not only provides a solution to your cash flow needs and combats the uncertainty of the manufacturing industry, but also paves the way for strategic growth avenues for your manufacturing enterprise.

Get Factoring for Your Manufacturing Company

Our manufacturing factoring services can be an unmeasurable asset to your business. Skip the months-long waiting game for your outstanding invoices and get a reliable cash advance from Porter Capital! Our factoring company offers funding solutions to support your business’s short- and long-term goals. With factored invoices, watch your business grow into a fierce competitor in the manufacturing industry.

Discover how invoice financing can change your manufacturing company when you speak with one of our experts today! Ready to get started? Apply for our services online!

Get a Custom Quote

Utilize our invoice factoring calculator to determine the estimated cash advance, the final amount receivable upon invoice payment, and the associated factoring fee.

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Frequently Asked Questions

How does manufacturing factoring work?

Imagine this: You get a product request from a new client. While you manufacture, package and ship the product, you send an invoice to the client. Depending on your payment plan, clients could take 30, 60 or 90 days to complete each invoice, creating a gap in your cash flow. With our invoice factoring for manufacturing companies, you receive a cash advance on your outstanding invoices and transfer invoice ownership to our accounts receivable team at Porter Capital. Then, we wait for payment in full from your client and send you any remaining balance minus our fee!

How does manufacturing factoring differ from traditional bank loans?

Taking major loans from banks may help manufacturing businesses get the funds they need to manage cash flow, but it drives the business into heavy debts. Using invoice factoring to support manufacturing business can help entrepreneurs avoid debts and meet their cash flow requirements to buy equipment, repair parts, and maintain payroll.

Can I use factoring to purchase new manufacturing equipment?

Yes. Your manufacturing company can use factoring to purchase new equipment. In fact, here are some benefits of this funding strategy:

Has lower risk: The logical and practical choice to make is to finance the equipment instead. The leftover money can then go to other areas of your business to further improve it.
Provides a competitive advantage: Updated equipment puts you in a position of advantage ahead of your competitors because it significantly improves your operations. When operations are improved, it can lead to more customers flocking your business which yields more profit.
Protects against inflation: Manufacturing equipment isn’t cheap. To recoup the money required to buy it, you’re going to have to wait for a few months to a year. The problem with this is that the price of the equipment can increase in the future. You’re essentially locking it down at a fair price if you finance manufacturing equipment according to the market value. In other words, you can get the equipment at a lower price, thanks to invoice factoring.
Allows for a greater tax advantage: The financing payment that’s made for the equipment is tax-deductible. Usually, you’ll need to depreciate it every year when you buy new equipment. When you can collect the depreciated amount of the equipment from yearly tax deductions, your equipment may be considered obsolete. Through equipment financing from invoice factoring, your lease payments are an expense, which is tax-deductible from your business’ income every year in the lease term. It can also be written off in depreciation faster, making it easier for you to get returns.
Improves purchasing power: A business must not spend more than make more, which is why keeping an eye on your cash or credit limit is a crucial part of running your business. It’s very unfortunate whenever you know that you can’t afford a piece of equipment despite the growing need. Financing your equipment through a manufacturing factoring company lets you buy it alongside monthly repayments that won’t significantly affect the company budget. In the long term, it can lead to better production capacity, which can yield more profits.
Improves credit score: Similar to a person’s credit score, your business’ credit score is just as important. The only difference is that your business will be evaluated based on how risky it is if you can make the monthly repayments or not. As long as you make the monthly repayments, you have nothing to worry about because it does nothing but contribute to a good credit score.

Become a Referral Partner

Porter Capital helps small and medium-sized businesses in North America by offering working capital solutions, including invoice factoring and accounts receivable financing. As an established invoice factoring company, we partner with banks, business advisors, investment firms, and specialty lenders.

Joining our referral program brings benefits to your own company as well, with a generous commission after a referred business receives funding. Refer a business today to help provide a company with our funding solutions.

Become a Referral Partner