Take the larger PO. Fund the inventory and the machine to fill it.
Equipment, inventory and receivables financing for Canadian producers. One application, an experienced advisor who understands production cycles and net-60 terms.
Lenders in these industries underwrite from your deposits. That's why our first questions are about revenue, not your credit score.
Money for the things that grow the business.
Fund purchase orders and inventory
Buy raw materials for a large order before the customer pays for it.
Add production capacity
CNC, presses and packaging lines. The equipment is the collateral.
Close the receivables gap
Customers on 60 or 90 day terms? Turn unpaid invoices into working capital now.
Expand the warehouse
Racking, forklifts and a bigger lease when you outgrow the space.
What manufacturing lenders do most.
Your advisor knows which lenders are strongest for each one and will bring you the options that fit.
Equipment financing
Buy machines, vehicles and tools. The equipment itself secures the financing.
Best when: You know exactly what you're buying.
Inventory and PO financing
Funds raw materials or stock for orders you've already won.
Best when: Large purchase orders that outrun your cash.
Asset-based line of credit
A credit line secured by your receivables, inventory and equipment.
Best when: Growing businesses whose assets outpace their profits.
Growth is eating your cash.
Fast-growing manufacturers often look worse on paper than they are. Asset-based lenders lend against receivables, inventory and equipment, not just last year's profit.
If this sounds like you, you're a fit.
We'd rather tell you up front than waste your time.
- Registered manufacturing business in Canada, outside Quebec
- Operating for at least 12 months
- At least $20,000 in average monthly revenue
- Looking for $10,000 or more for a specific purpose
Guides for manufacturing owners.
Equipment financing vs. leasing in Canada: which is right for you?
Buy it with a loan or lease it? The right answer depends on how long you'll keep the equipment, your cash flow and your tax picture.
Know your optionsThe Canada Small Business Financing Program, explained
A government-backed loan offered through banks and credit unions. Here's what it covers, how much you can get, and when it's worth the extra steps.
Before you apply.
Does checking my options affect my credit?
No. Our questions don't involve a credit check. If you decide to move forward, your advisor or lender will ask for your consent before running one.
Who sees my information?
One funding advisor, chosen for your industry and request. They share it with lenders only to get you offers. We never sell your application to a list or to several companies at once.
What does it cost me?
Nothing from us. Straightline doesn't charge borrowers; advisors pay us for introductions. Some advisors charge a fee or are paid by the lender. Yours will tell you how they're paid before you move forward.
What will my advisor ask for?
Usually your last 3 to 6 months of business bank statements, basic ownership details and what the funds are for. Having statements ready is the fastest way to get offers.
One application. An advisor who knows manufacturing.
See what your business qualifies for in about 3 minutes.