In the challenging and intricate landscape of the manufacturing industry, businesses continuously need to invest in technology, manage supply chains, maintain equipment, and address cash flow needs. Asset-based lending can offer a robust and flexible solution for these financial requirements. Red Fox Finance, with our vast panel of 79 lenders, provides tailored finance options designed specifically for the unique needs of the manufacturing industry.
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Manufacturing businesses often face a gap between production and payment receipt, leading to potential cash flow problems. Invoice factoring and discounting offer immediate access to funds tied up in unpaid invoices, ensuring you have the cash flow to continue operations, invest in materials, or pay staff.
Manufacturing businesses heavily rely on various equipment, from simple tools to complex machinery. With equipment finance, businesses can fund the purchase, replacement, or upgrading of essential machinery without a substantial upfront investment, maintaining cash flow and productivity.
Invoice factoring involves selling your unpaid invoices to a third party, like Red Fox Finance, in exchange for an immediate cash advance, usually between 70-90% of the invoice value. We then manage the invoice collections, providing the remainder, minus a small fee, when your customer pays.
Invoice discounting is similar but allows you to maintain control over your sales ledger. You receive an advance on your invoices but are responsible for collecting payments. This service is confidential, meaning your clients are unaware of the agreement.
Working capital is a crucial element for any manufacturing business, and loans can bridge gaps in cash flow, supporting daily operations. By securing loans against assets, like inventory or equipment, businesses can access funds to cover operational costs or unexpected expenses without impacting their cash reserves.
Trade finance can be especially beneficial for manufacturers involved in international trade, where payment terms can extend over long periods. Trade finance can cover the cost of goods directly from suppliers, allowing the manufacturing business to repay the amount once they have received payment from customers.
Supply chain finance can help manufacturers maintain robust relationships with their suppliers, essential in an industry where delays can be costly. By ensuring suppliers are paid promptly, manufacturers can safeguard the flow of materials for production.
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Red Fox Finance's expansive lender panel allows us to find the most suitable lending solution for manufacturing businesses. Whether you're an established company looking to invest in new technology, a small business facing cash flow issues, or a start-up needing equipment, Red Fox Finance can offer tailored finance solutions.
Get A QuoteAsset-based lending can provide a lifeline for manufacturing businesses, from funding new equipment to bridging the gap between production and payment. Red Fox Finance offers a range of lending solutions designed to support your business, helping you to navigate the complexities of the manufacturing industry. The manufacturing sector can immensely benefit from asset-based lending. Whether it's to fund growth, improve cash flow, invest in equipment, or manage supply chain relationships, Red Fox Finance can provide the ideal solution. Let us help you turn your assets into opportunities for growth and success.
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Strengthen your manufacturing ventures by tapping into the potential of your assets. Should you require a clear roadmap, our checklist for new asset finance can streamline your finance application process
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