Business Loans for Manufacturing
Making a product that people use and like is one of the most satisfying things a business person can do. But the road from having an idea through to creating prototypes, making that product and getting all the required approvals in place can be extremely challenging. And there’s the need to market, distribute and get your product into the hands of resellers and customers.
Each step in the process requires a lot of patience, effort, dedication and money. While technical advances such as 3D printing have changed the economics of manufacturing in some ways, it remains a capital and labour intensive part of the industry.
While 3D printing sounds great, serious manufacturing won’t get by on $500 consumer devices you find at your local electronics store. You’ll need to invest in serious hardware that can use the materials you need to produce a high prototype quickly so you can iterate. When you’re at the beginning of your product journey, an injection of funds can help you get your hands on the equipment you need. And, as it’s an investment that will continue to deliver for your business, the interest is tax-deductible.
Once you get past the prototyping stage, you’ll need to get the ball rolling on several other things. You’ll need to either establish your manufacturing process that can scale as your sales grow, or you’ll need to partner with someone who can support you in mass-producing your creation.
Either way that is likely to require an injection of cash.
Establishing your manufacturing facility will require buying or leasing a factory and the equipment you need as well as hiring staff to support you. If you choose to partner with another business, they will likely need to retool their facility to assist you in your endeavour.
At the same time, you’ll likely need regulatory approval to sell your product. That means engaging in independent testing and gaining support from the appropriate government agencies and departments. Those processes aren’t always straightforward and can be costly. That means more expenses that you may not be ready for in your early days.
Assuming you get through all those steps, it’s time to think about marketing, sales and distribution. Getting those things ready, before you ship, will make a massive difference to your chances of success. All of those activities are an investment that requires an injection of cash.
For many new businesses, particularly in today’s start-up culture, the journey to securing funding at different stages involves engaging with the investor community. That can include getting support from angel investors, venture capital funds or private parties that will exchange money for a piece of your dream.
Although their investment will help you as you move from great idea to a saleable product, you’ll be trading their money for a stake in your business. Many founders dilute their holding in a business to the point where they can lose effective control of their dream. So while the press continues to tell a story about startups gaining billion-dollar valuations through investors – the so-called ‘unicorns’ of the business world – the reality is that traditional finance represents a different way to forge ahead that doesn’t dilute your ownership.
When it comes to loans, there are two main types manufacturing companies should consider; secured and unsecured loans.
If you have a valuable asset such as a residential or commercial property, then a secured loan is worth considering. A secured loan uses an asset as security for the lender. If the borrower defaults on the loan, the lender can sell that asset to minimise losses.
This is a way for them to reduce the risk on and allows them to offer lower interest rates and, potentially, lend more significant amounts.
In contrast, an unsecured loan doesn’t use an asset as security. Credit cards are a form of unsecured finance. For a borrower, this means they don’t put any assets at risk. But as the risk of a loss is more significant for the lender, The lender offsets this risk by lending smaller amounts at a higher interest rate.
Neither option is inherently better or worse than the other. Each has a place in your business strategy for different situations. For example, if you’re buying property, a secured loan is a good option, whereas a piece of equipment that will deliver you a quick return on investment might be better suited to unsecured finance.
Building and running a manufacturing business is about more than cranking the handle on a machine. It’s about creativity, testing, meeting regulatory requirement and ensuring your marketing and sales channels can deliver on your promises. Choosing the right financing partner, like Capify, can help you through each step of that journey.
Once approved, the funds will be deposited in your account within 24 hours, not weeks or months.
Is your business seasonal? No problem. Our loans can help adjust to the highs and lows of your business cash flow.
Call us on 1300 760 930 and discuss your business loan requirements and loan amount.
Small Business Loans – If your company has fluctuating cash flow, no problem – our Merchant Cash Advance or MCA adjusts to meet the daily needs of your business finances and the loan amount that suits your business needs with a very simple and fast application process. Looking for funds to take advantage of the ATO 30k Write-off.
Rather than fixed daily repayments, a small percentage of your credit card and EFTPOS terminal sales are repaid daily for the term of your cash advance.
Quick business funding from Capify can solve your business funding requirements in as soon as 24 hours once approved. Read what our customers say from our TrustPilot Review.
We ensure our staff have a comprehensive knowledge of the Australian SME market and can truly understand your business needs, aspirations and need for finance. Our small business lending consultants will guide you through the entire small business loan process from initial quotation to funding.
Mozo says “With more than 10 years of experience, Capify has been helping Australia’s small business owners reach new heights with their tailored funding solutions. The lender provides unsecured business loans which are flexible and accessible, and its simple application process makes getting funding a breeze”.
Capify was born out of the desire to offer small businesses an alternative and accessible lending option. Proudly we were the first to do so in Australia. With 10+ years of local experience providing small business loans working capital globally, Capify is Australia’s most experienced alternative lender to small business.
With a focus on customer service and simplicity; our vision is to support Australian businesses with tailored financial solutions and solve small business finance. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients. This allows us to streamline our internal processes passing on time and cost savings to you.
Capify is Australia’s Leading unsecured small business lender, and you can easily find us on Finder.com.au, Canstar, Mozo, InfoChoice, and other financial comparison websites.
We ensure our team have a comprehensive knowledge of the Australian SME market and can truly understand your business needs, aspirations and need for finance. Our small business lending consultants will guide you through the entire small business loan process from initial quotation to funding.
Mozo says “With more than ten years of experience, Capify has been helping Australia’s small business owners reach new heights with their tailored funding solutions. The lender provides unsecured business loans which are flexible and accessible, and its simple application process makes getting funding a breeze”.
We have several repayment solutions, all of which we tailor to suit your business activities and cash flow. We work with you to construct a repayment structure which will minimise the impact on your business cash flow. We’re proud of the customised solutions we design with our customers, and we see them renew their small business loans time and time again with us.
Australia’s most prominent financial services comparison website Canstar says
Take a look at some of our customers lending’ success stories and how we’ve partnered with them to make their dreams and aspirations a reality.
At Capify, we offer short-term business loans, usually three to twelve months for a variety of small businesses. Below, we’ve collected some of the costs, features and other need-to-knows of a Capify business loan, so you can be completely informed before you sign up. Proudly we were the first to do so in Australia. With over 10+ years of local experience providing small business loans working capital globally. Capify is Australia’s most experienced alternative fin-tech lender to small business.
Adopting a customer-centric focus on service and simplicity; our vision is to support Australian businesses with tailored financial solutions. With our philosophy, we work together to create the most flexible and accessible commercial business loans for our clients. This allows us to streamline our internal processes passing on time and cost savings to you.
Capify Is one of the most trusted small business lenders in Australia. With TrustPilot reviews and Google reviews that speak for themselves, our story shows our dedication towards helping business finance growth.
Capify Australia provides FAQ’s and a customer help centre on unsecured business loans, quick business loans, online business loans solutions based around the payments, credit, investment and Sydney, Melbourne, Brisbane, Perth, Hobart and the territories, markets space. Small Business Australia says: “Capify Australia: Review for Borrowers.
Read the following Capify review to find out more about this company and discover if it’s suitable for your needs.
Capify is obviously among the top 3 most significant and most respected lenders in the Australian small business loan market”.
Australia’s leading Finacial Comparison Website, Finder.com.au.says “
If you’re looking for a flexible business loan. This unsecured financing option from Capify may be one to consider”. You can apply for however much you need, with loans of between $5,000 and $300,000 available, and with same-day approval, you can have your funds within 24 hours. Repayments can be flexible to suit your business’ cash flow”.
Capify provides fast business loans in Perth and is one of Australia’s leading finance firms that obtain the purpose of providing funds and assistance to any business that require it.
We offer two types of loans of credit products, including; Merchant Cash Advance and Capify small business loan.
Capify is different from competitors with massive support in Australia, helping service brokers and providing easy access to unsecured business loans.
Capify is an alternative to the big banks like Commonwealth, ANZ, Westpac and does not offer a line of credit or interest rates; instead, they work with a fixed rate. Loan terms range from 3 months to 12 months, and their loan amounts range from $5,000-$300,00.
The great news is that Capify’s application costs are free, we don’t charge you when you submit an application for a small business loan Australia. It’s obligation-free and you can commit whenever you are ready.
A great financial product that Capify can provide is Merchant Cash Advance, where this revolves around businesses gaining a lump sum of money and repaying it through minor percentages of their EFTPOS transactions. This would greatly benefit the business as it would prevent cash flow shortages, thus they are able to have the cash to pay debt payments, expenses, and unexpected costs.
Furthermore, enterprises are also introduced to the option of Australian business loans that Capify can provide, increasing capital, thus increasing cash flow. Alongside this, they deliver expert advice that contains knowledge and techniques on how to improve cash management to assist in keeping your business as healthy as possible.
Capify is Australia’s first small business loan lender since 2008, we have built and maintained a google review of 4.5/5.
Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.
Capify Is one of the most trusted small business lenders in Australia. With TrustPilot reviews and Google reviews that speak for themselves, our story shows our dedication towards helping small business finance growth.
Get Business finance $5,000–$300,000 online quick and simple small business finance.
Instead Capify offers an agreed total payback amount. The payback amount depends on the type of business you operate and the term you require the business finance for. This way your business knows up front the total costs, making managing your cash flow easy.
A Capify business loan Melbourne can help you make your next purchase, fund growth, or manage cash flow for your business.
Capify provides fast business loans in Victoria and is one of Australia’s leading finance firms that obtain the purpose of providing funds and assistance to any type of business who require it.
We offer two types of loans or credit products including; Merchant Cash Advance and Capify small business loan. Capify is different from competitors with their ideal Melbourne business loans, and their ability to see potential success in businesses without being bias as much as possible on previous credit ratings. We are an alternative to the big bank and does not offer a line of credit or interest rates, instead, they work with a fixed rate. Loan terms range from 3 months to 12 months and their loan amounts range from $5,000-$300,00.
Capify is a fin-tech and purely operates online. We do not have a physical branch but have to staff Australia Wide.