Rate benchmark · Updated August 2026
What manufacturing funding actually costs
Directional ranges for all 6 programs we refer, published monthly. No teaser rates. Anyone promising a specific number before seeing your file is guessing.
| Program | Advance / size | Typical cost | Speed to fund |
|---|---|---|---|
| Invoice Factoring | 80–95% of invoice value | ~1–3.5% per 30 days | 3–10 days |
| Equipment Financing | Up to 100% of equipment cost | ~7–18% APR | 5–15 business days |
| Purchase Order Financing | Up to 100% of supplier cost | ~2–6% per 30 days | 2–4 weeks |
| Working Capital | $25K–$5M | Factor rates or APR, varies widely | 2–7 business days |
| Asset-Based Lending (ABL) | Up to 85% of A/R + 50% of inventory | ~SOFR + 3–8% | 3–8 weeks |
| SBA & Term Loans | Up to $5M | ~Prime + 2.75–4.75% | 45–120 days |
Invoice Factoring: Volume, customer credit, and average invoice size drive where you land in the range.
Equipment Financing: Rate and term depend on asset age, condition, and useful life.
Purchase Order Financing: Gross margins usually need to clear roughly 20–25% for a deal to pencil.
Working Capital: Shorter terms and higher effective cost. Best used with a clear payoff plan.
Asset-Based Lending (ABL): Adds covenants, field exams, and borrowing-base reporting.
SBA & Term Loans: The slowest path and the most documentation, usually the cheapest money.
How to read this table
Every range here is directional, not a quote. Underwriting sets your actual number based on your customers, credit, revenue, and industry. Use this table to spot a bad offer: if someone quotes you far outside these bands, ask why before you sign anything.
Compare the programs side by side or check how ready your file is before you apply anywhere.
Rate benchmark questions
No. These are directional ranges across the programs we refer, published so you can sanity-check what you hear elsewhere. Your actual offer depends on your customers, credit, revenue, and industry, and is set by the funding institution during underwriting. Anyone promising a specific number before seeing your file is guessing.
They are short-cycle, transaction-based products, not loans with an annual term. A 1–3.5% per 30 days factoring fee only applies for as long as the invoice is outstanding. Comparing them to APR directly overstates the cost if your customers pay on time.
Monthly. When rate bands move, we update this page.
Related funding programs
Each program page covers how it works, who it fits, and what it typically costs. All ranges are directional, not quotes.
Invoice Factoring
~1–3.5% per 30 days · 3–10 days
Explore funding for work you've already delivered
See the programEquipment Financing
~7–18% APR · 5–15 business days
Add capacity without draining cash
See the programPurchase Order Financing
~2–6% per 30 days · 2–4 weeks
Say yes to the big PO
See the programAsset-Based Lending (ABL)
~SOFR + 3–8% · 3–8 weeks
Borrow against what you already own
See the programWorking Capital
Factor rates or APR, varies widely · 2–7 business days
Cover the gap between orders and cash
See the programSBA & Term Loans
~Prime + 2.75–4.75% · 45–120 days
Bigger projects. Longer terms.
See the programFunding Requirements Checklist for US manufacturers
See exactly what underwriters actually look at for factoring, PO financing, equipment, working capital, ABL, and SBA before you fill out a single application
- What documents you need for each program
- Typical time-to-fund by program
- Common disqualifiers worth knowing up front
- How Manufactor Finance is compensated — $0 fees to you
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