Basic Information About Manufacturing Loans for Your Business | NAC

Manufacturing is an essential part of the U.S. economy, as it supports 8.5% of the workforce. Financial needs in many industries, including manufacturing and production industries, ebb and flow.

Industry demands are ever-changing, and your financial needs as an owner or affiliate of a manufacturing company will change as well. A manufacturing loan can help you, while fulfilling the logistics required for a project like inventory, employees, etc.

Currently, there are about 252,000 manufacturing businesses and about 75% of them have less than 20 employees. Unfortunately, it isn’t always easy for small businesses to get a loan, especially a manufacturing loan.

Some potential threats of manufacturing companies not being able to get the funds they need, include increased debt, hiring cutbacks and/or layoffs, delayed payment to vendors and/or third parties, not being able to fulfill a job and/or job order, etc.

Throughout the years, many American manufacturing companies have struggled to get loans from banks after the Great Recession occurred.

Manufacturing companies need funds for many different reasons including purchasing materials, hiring employees, and keeping up with production and demand. Manufacturing business owners recognize paying employees, suppliers, and other investments are priorities.

Without the proper financing, a business cannot grow or overcome obstacles. Capital is needed to pay workers, buy and fix equipment, pay for shipping, cover overhead costs, and more. With little to no financing, manufacturing business owners struggle and are under stress.

If you are a manufacturing business owner, you must first determine what the loan is predominantly needing to be used for. Is it for real estate? Equipment? Machinery? Cash flow? Working capital? All of the above?

Our USDA Loan Specialists at North Avenue Capital (NAC) will determine if a manufacturing loan is right for you and your financing needs. If you are eligible for this type of loan, our loan specialists will walk you through the eligibility process.

At NAC, we offer manufacturing loans guaranteed by the USDA through the USDA Rural Development Program. NAC structures manufacturing loans to provide cash to operate, without ceasing production in order to meet demand.

Our borrowers are accustomed to the confidence, expertise, and established relationship NAC offers. We understand what it takes to start, build, and grow a business because we have built our business ourselves too. We provide manufacturing loans for all types of growing businesses, ground-up construction, and startups.

Looking to Apply for a Manufacturing Loan?

Manufacturing loans help support the American Dream. Our USDA loan specialists at NAC will determine if a manufacturing loan is right for your financing needs and if you are eligible.
At NAC, we provide capital to empower American business growth.

NAC is the only specialized commercial lender that exclusively lends USDA B&I Loans nationwide. It's what we do, and we know how to work with the USDA to get the deals to the finish line. We offer competitive interest rates, flexible terms, and high LTVs.

We are uniquely positioned to dive deep into your business, develop an understanding of your key objectives, and assist in preparing a USDA financing package that executes your vision for growth and expansion.

NAC possesses a genuine interest in partnering with you to enhance your business, create jobs in local communities, and identify opportunities to improve environmental conditions for the next generation of entrepreneurs.

We have experience starting, building, and operating successful businesses across multiple industries, and are committed to forming lasting partnerships, not just closing loans.
Want to talk to one of our manufacturing business loan specialists?

Visit our manufacturing loan page to learn more or connect with a loan specialist or call us at (866) 526-4950 with any USDA business loan questions or to determine your eligibility for a USDA business loan.

We have office locations in Arkansas, Tennessee, Texas, Georgia, Nevada, and Florida, but we are not limited by geographic location like many rural-oriented financial institutions and can partner on projects in all 50 states and U.S. territories.