Manufacturing finance needs are numerous and constant. More than three quarters of manufacturing companies in the U.S. use some type of equipment financing, totaling almost $100 billion a year in loans, leases and lines of credit. Others use funding for plant expansion, antiquated fixed asset replacement, and new product or service deployment.
Funding for manufacturing businesses can range from fairly straightforward to incredibly complex. Gro-Well, the largest green, wood and food waste recycler in the Southwest, is typical of many manufacturers. The company invested significantly during the past few years, expanding both its manufacturing capabilities as well as its product offering. The result was an expansion of its footprint accompanied by increased working capital needs. We designed a second lien mezzanine debt solution, and delivered future value by assisting with their capital expenditure financing.
Consistency from proposal to close is what Caro Nut, a company specializing in bringing limited-source nuts from around the world to market, was looking for as it searched for funding for its manufacturing business. With a CapX lease line of credit, CapX helped with the purchase of mission-critical equipment to build the facility — on time, with the same terms agreed upon from day one.
Whether you’re a light, heavy, or high-tech manufacturer, look to us for opportunity, insight and commitment.