Manufacturing Business Loan

Manufacturing Business Loan

We recognise the diversity involved with operating a business within the manufacturing industry. Since you may produce consumer goods or large industrial products, the needs of your business will differ from others in the industry due to the scale of your activities. Learn how our flexible capital solutions can help you to grow and maintain your business.

Manufacturing Business Loan

Running a manufacturing business is tough work that involves significant expenditures. We understand the challenges of obtaining small business financing to respond to the unpredictable nature of the manufacturing industry, and we want to be the partner that helps you fund your manufacturing business.

Everyday brings a different challenge and a different opportunity. At Driven, we’re here with the funds you need when you need them. Whether that’s to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.

We offer manufacturing business loans of up to $300,000 with a variety of flexible payment options, providing entrepreneurs with the capital they need to build the best possible culinary experience. Our application process is quick and easy, allowing you to access the funding you require in as little as 24 hours.

How can a manufacturing business loan help me?

Staffing

In the current job climate, the situation affecting many industries is the same, there are not enough young workers to replace the older generation. This has created a significant labour shortage in the manufacturing industry. When it comes to hiring and training new personnel, a rising demand for qualified employees has significant financial implications.

Inventory/Materials

Gathering the raw materials to be used in the creation of your products is one of the most important initial processes in the manufacturing industry. The cost of the materials for your manufacturing business will vary based on a variety of factors such as the quality of products you’re making, the demand for those materials, the cost of transportation, etc. Leverage a manufacturing business loan to cover the cost of your materials upfront, or keep it in stock as financial strain builds.

Environmental protection

Although industrial manufacturers used to be able to get away with dumping garbage in surrounding bodies of water or venting poisonous fumes into the atmosphere, luckily, times have changed. Regardless, the undeniably favourable influence on general quality of life doesn’t come without expense. Use a manufacturing business loan in order to ensure your business is keeping up with environmental regulations and maintaining the lowest possible levels of pollution.

Interesting facts of the manufacturing industry in Canada

  • According to data from IHS Markit’s latest survey, the manufacturing industry in Canada was growing at the beginning of 2022.
  • However, the industry has faced challenges such as delivery delays, port congestion and a nationwide rise in Omicron cases.
  • Weak vendor performance resulted in poor input availability and weaker output growth.
  • Supply chain disruptions and material shortages caused sharp price pressures.

How it works

01

Apply in 3 simple steps and
get pre-approved instantly

Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.

02

Draw what you need, when you need it

When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.

03

Use our support for whatever you need

Choose the repayment schedule that makes sense for your business—from daily, weekly or bi-weekly payments, or pay early to save on interest. Borrow from $500 to $300,000 on 2, 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.

See if Your business qualifies

Qualification is simple.
No heavy paperwork.

If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.

Your business is legally registered

Your business is based in Canada

Your average monthly revenue is at least $3,000

You have been operating for at least 3 months with a dedicated business bank account

You have good personal and business credit history

What do you need right now?

Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.

Funding the unexpected

Funding the unexpected

Truck broke down? Receivables late? Product stuck on a ship somewhere?

When the unexpected happens (and it will), we’ve got you.
Marketing Funding

Marketing Funding

Got a great product but need to get the word out?

A business can’t grow without putting itself out there. We help you line up your brand, marketing, and ad spend to make that big public splash.
Funding New Projects

Funding New Projects

New products? Channels? Seize-the-moment growth opportunities?

Whether it’s expanding to new locations, audiences, or product lines, we help you invest in growing your business.

We've got you

We're here to make life easier for Canadian small to medium businesses like yours. How can we help you today?