Engineering and manufacturing finance

Bespoke finance for engineering and manufacturing firms

At Growth Lending, we have extensive experience of supporting businesses that operate in engineering and manufacturing, with a thorough understanding of the challenges they face.

From high up-front production costs, to long customer payment terms and high debtor concentration, these firms often face cash flow pressures that decimate working capital and impede growth.

Our expert lending and structuring team enables us to be more flexible than our competitors and deliver funding in a smooth and swift manner that gets your growth back on track.

How we can help

We have a range of products that we can tailor to your needs, solving the problems that manufacturers and engineering firms often face

  • Flexible invoice discounting and selective invoice finance can relieve pressure on cash flows by releasing money tied up in your sales ledger
  • Revolving credit facilities can help smooth working capital throughout the year leveraging against accounts receivable, stock and plant and machinery 
  • Our experience in this sector means we understand your contract challenges – and how to work through them with you
  • We can provide more funding than other lenders and impose fewer debtor concentration restrictions 
  • We allow for a flexible use of funds, enabling you to reinvest in growth, including expansion into new markets, CAPEX and product development 
  • We often work with businesses that have PE/VC/angel investor involvement and can provide cash without dilution, which lengthens the runway between equity raises
  • Our funding can be used for MBO/MBIs and acquisitions 
  • We can fund faster than other lenders

Key benefits of engineering and manufacturing finance

Our range of bespoke products offers many benefits, including:

  • A scalable release of working capital that reduces your accrued debt and increases monthly outgoings
  • Increased cash flow for day-to-day expenses, investment and growth
  • Faster payment of invoices removes cash flow pressures imposed by lengthy customer payment terms
  • Our revolving credit facility provides larger limits than traditional providers, including up to 120% of accounts receivable, 30% against stock and 70% against plant & machinery
  • Flexibility, including the option to vary your facility each month, depending on your requirements
  • Bad debt protection against your debtors as part of the package