Manufacturing companies can't afford to slow down. Whether you're sourcing raw materials, fulfilling large POs, or scaling up for new contracts, manufacturing factoring gives you the working capital to keep operations running and growth on track.

At New Century Financial, we specialize in manufacturing invoice factoring—fast, flexible funding that turns your outstanding invoices into immediate cash.

As one of the most experienced factoring companies for manufacturing, we’ve helped manufacturers across the country solve cash flow challenges without taking on debt. From small job shops to large-scale producers, our team builds custom funding solutions that match the pace of your production floor.

What Is Manufacturing Factoring?

Manufacturing factoring is a financing method that allows manufacturers to convert unpaid invoices into immediate working capital. Instead of waiting 30, 60, or even 90 days for your customers to pay, you submit the invoice to us, and we advance you up to 90%, often within 24 hours.

When your customer pays the invoice, you receive the remaining balance, minus a small fee.

This gives you access to your earned revenue right away without the delays, red tape, or liabilities of traditional loans.

How Much Does Manufacturing Factoring Cost?

This is one of the most common questions we hear—and one we’re always glad to answer. Some factoring companies for manufacturing aren’t upfront about their pricing, leading to confusion or unexpected fees down the line. That’s not how we operate.

At New Century Financial, our manufacturing factoring services are built on transparency and value. We charge a small, easy-to-understand fee based on the invoice amount, and we advance up to 90% of that invoice, often within 24 hours. There are no hidden fees, no long-term commitments, and no penalties for choosing when and how often you factor.

Compared to traditional financing, invoice factoring for manufacturing companies is often a more flexible, affordable option, especially when you need to cover payroll, purchase materials, or take on a larger production run without delay.

Many of our manufacturing clients are surprised by how accessible our pricing is and how much time and stress it saves compared to chasing down slow payments or applying for loans.

Why Manufacturers Use Accounts Receivable Factoring

Every manufacturer knows timing is everything. Late customer payments can stall production, delay payroll, and keep you from investing in new opportunities.

With manufacturing invoice factoring, you can:

  • Cover payroll without scrambling
  • Purchase raw materials and supplies up front
  • Fulfill large orders without waiting on customer payments
  • Take on new contracts confidently
  • Stabilize cash flow during seasonal dips
  • Fund marketing or trade show efforts
  • Avoid bank loans or adding debt to your balance sheet

inside of manufacturing plant

Unlike traditional financing, factoring for manufacturing companies grows with your sales, not against your credit limit.

How Manufacturing Factoring Works

Getting started is simple. If you’re new to invoice factoring, here’s how our process works:

  1. Send us your open invoice: You can choose which invoices to factor, from one large order or a group of smaller ones.
  2. Get funded fast: We’ll advance up to 90% of your invoice value within 24 hours.
  3. The customer pays: Your customer’s payment is redirected to New Century Financial. Once we receive the payment, we release the remaining balance to you, minus our fee.

There’s no debt, no long-term contracts, and no waiting, and you get reliable access to the cash you’ve already earned.

Learn more about how invoice factoring works

manufacturing inside of massive pipe

Benefits of Factoring for Manufacturing Companies

It doesn’t matter if you're in metal fabrication, plastics, textiles, packaging, or electronics, our manufacturing factoring services are built to solve your unique challenges.

Here’s what you can expect with New Century Financial:

  • Fast Approvals: Get approved in as little as 24 hours.
  • High Advance Rates: Up to 90% of the invoice amount.
  • No Term Contracts: Use factoring only when you need it.
  • No Minimums or Volume Requirements: Factor one invoice or many. It’s your call.
  • No Hidden Fees: Transparent pricing with no surprises.
  • Custom Credit Facilities: Up to $10 million in available funding.
  • Off-Balance Sheet Capital: Improve cash flow without affecting your credit line.

We’re not a one-size-fits-all firm. As one of the most flexible factoring companies for manufacturing, we work with you to create a plan that meets your cash flow needs, production schedule, and growth strategy.

Is Factoring Right for Your Manufacturing Business?

If you invoice other businesses (B2B) and your customers take 30 days or more to pay, you’re likely a strong candidate for manufacturing invoice factoring. We work with manufacturers of all sizes, including:

  • Component and part suppliers
  • OEM manufacturers
  • Private-label and contract manufacturers
  • Custom fabrication shops
  • Exporters and importers

Whether you're producing high volumes or working on specialized short runs, factoring can give you the cash flow consistency to stay competitive and expand.

woman prepared for manufacturing factoring

Avoid the Pitfalls of Traditional Financing

Bank loans and lines of credit aren’t built for the manufacturing cycle. They can take weeks to secure, often require collateral, and tie up your credit line with fixed terms.

Factoring, on the other hand:

Benefit Manufacturing Factoring Traditional Loan
Approval Time 24 hours or less Several days to weeks
Debt Incurred None Yes
Tied to Credit Score No Yes
Repayment None Monthly Installments
Flexibility Fund when you need Fixed amount
Collateral Needed None* Often required
*New Century Financial files a standard UCC-1 on business assets to secure the partnership—no additional collateral or personal guarantees required.

Factoring for manufacturing companies gives you freedom and control without added risk or restrictions.

Why Choose New Century Financial?

You’ve got enough moving parts on the shop floor. Your financing shouldn’t be another one.

At New Century Financial, we:

  • Work directly with your team to streamline the process
  • Keep you in control of your customer relationships
  • Provide personal account management, not a call center
  • Support your collections process without taking it over

Our team understands the demands of the manufacturing world. We’ve helped countless businesses like yours solve cash flow bottlenecks, fund large orders, and build reserves for long-term growth.

Get Started in 3 Easy Steps

Don’t let slow payments slow down your production.

  1. Apply online in just a few minutes. Apply now
  2. Get approved fast: Most manufacturers are approved within 24 hours.
  3. Start submitting invoices: Access your cash fast and keep your production line moving.
Still have questions? Our factoring specialists are here to help. Call us at 800-805-8380.

Frequently Asked Questions About Manufacturing Factoring

Do I have to factor every invoice?

No. You’re in full control. With New Century Financial, you choose which invoices to factor and when. There are no monthly minimums, and we don’t require you to factor all your receivables.

What happens if my customer is slow to pay?

We know delays are common in manufacturing, especially when working with large buyers or government contracts. If an invoice becomes overdue, we’ll support your efforts to follow up, but you remain in charge of your customer relationships.

Is manufacturing factoring only for small manufacturers?

Not at all. While we work with many small and mid-sized manufacturers, we also provide custom credit facilities for larger operations. Whether you're a local job shop or a high-volume contract manufacturer, factoring can help you stay liquid and competitive.

Does invoice factoring count as a loan?

No. Factoring is not a loan. You’re not borrowing money, you’re getting early access to the revenue you've already earned from customer invoices. That means no added debt, no interest, and no repayment obligations.

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