Manufacturing Business Loans
When positive cash flow is crucial, a USDA loan from Ready Capital can help fund projects without restrictive monthly payments.
Improve Productivity with Manufacturing Business Loans
In the manufacturing industry, staying profitable isn’t easy when contending with supply chain volatility and rising utility costs. New equipment or facility upgrades could help save money and boost productivity over time—but requires a substantial amount of capital to afford a big project.
If searching for a financing option that will help stabilize or expand a business, a USDA loan from Ready Capital may be the right solution. Our USDA manufacturing business loans offer longer loan terms, lower equity injection requirements, and higher loan amounts than conventional loans.
USDA Loans for Manufacturing Businesses
The USDA offers several loan options for rural and urban manufacturing businesses, depending on the goods produced. Food manufacturers may be eligible for up to $50 million in financing, and biobased product manufacturers can obtain up to $250 million to construct or upgrade their facilities. Other companies in rural areas may qualify for a Business and Industry loan, which provides financing for debt consolidation, working capital, and more.
Need Help with the Government Loan Application Process?
As a top USDA and SBA lender, Ready Capital knows the ins and outs of various small business loan programs. In less than 15 minutes, we can determine eligibility for a manufacturing business loan and start the application process.
USDA Business Loans for Manufacturers
Ready Capital’s flexible financing options are ideal for nearly any type of project, but they are especially beneficial for the following purposes:
Consolidate Existing Debt
A short-term equipment financing loan may have been feasible a few years ago, but combined with other debt, the monthly financial obligation may be too much for a business. With a Ready Capital loan, businesses can consolidate existing debt into one long-term loan with a competitive interest rate and affordable monthly payment.
Financing Equipment Purchases
A business needs cutting-edge equipment to stay competitive in the manufacturing industry. A Ready Capital loan can help pay off an equipment purchase over a longer period than most conventional loans, with only a minimal upfront down payment.
Covering Day-To-Day Expenses
Supply chain disruptions have limited a manufacturer’s production capacity, and rising inflation has made it challenging to keep up with wage, utility, and supply costs. If extra funds are needed to finance daily operations while focusing on rebuilding a business, Ready Capital can help secure a working capital loan.
Expanding Operations
Many businesses have survived a period of uncertainty and are ready to grow—but finding a conventional lender willing to finance a project may be difficult. Whether building a new facility or acquiring a business, Ready Capital can help determine which loan option offers the most flexibility.
Partner with Us for Manufacturing Business Loans
Ready Capital understands that finding a manufacturing business loan can be overwhelming. Our team makes the process as stress-free as possible by guiding business owners through every step. Due to our extensive knowledge of government loans, we can expedite the process to ensure loans are processed as quickly as possible.
Get to Know Our Team
With decades of combined experience structuring and closing government loans, our team can provide unrivaled support during the application process. Meet the professionals who help fuel rural and small manufacturing businesses across the nation.