Manufacturing companies are dynamic with varying needs to stay competitive in today’s global economy. You need cash to operate your production line and to reinvest into your business to win new business and stay viable. Live Oak Bank offers asset-based lending for manufacturing companies of small- to mid-size who need sufficient working capital to capitalize on business opportunities and run a healthy business.

Your manufacturing business may need to purchase materials and hire employees to meet current production demand, with uncertainty around when you will get paid. Don’t miss potential sales because you don’t have the cash. Live Oak offers lines of credit for manufacturing companies when this is a better fit. A line of credit allows your business to have flexible access to money when needed rather than selling accounts receivable like with a factoring arrangement.

Waiting for invoice payments can be disruptive to the payment obligations you have to your employees, suppliers and other investments. By factoring your invoices, you can get the money you need right away. Live Oak Bank offers accounts receivable factoring, both recourse and non-recourse, that enables your manufacturing company to achieve better-priced financing than typically offered by traditional factors.

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Article: Line of Credit vs Factoring

Wondering which of these two asset-based lending approaches best fit your business needs?

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Why Live Oak

Know-How

We’ll take you where you need to go with our deep industry and product expertise. Our team understands the ins and outs of different business models, and we package your loan accordingly. Every industry has its own nuances and our lenders get that. When it comes to matching your businesses with the best loan, you can trust that it will be the ideal fit.

Efficiency

Our commitment to efficiency and transparency helps you avoid costly mistakes. We work hard to streamline the entire loan process, from the initial conversation to the day you get your money. Throughout your Live Oak experience, we’ll keep you updated and informed. By taking advantage of next-generation technology, your loan will move through each stage seamlessly. Our experienced team knows that your time is valuable, and we won’t waste any of it.

Service

We strive to provide unmatched service and an unwavering dedication to your success. Our customers are at the heart of everything we do at Live Oak. We like to say that we treat every customer like our only customer, and we honestly mean that. Your hopes, your dreams and your goals hold a lot of weight – it is what we work together to achieve. Going above and beyond for you is simply how we operate. We can only say that we’re successful when you are too, so we’ll do everything in our power to make that happen.

Our Asset-Based Lending Team
understands your business.

From our Small Business Resource Center

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