Is invoice factoring a good fit for shipbuilding & marine manufacturing?

Yes — invoice factoring is one of the programs we most commonly place for shipbuilding & marine manufacturing shops. Manufacturers with creditworthy commercial or government customers that pay on net-30, net-60, or net-90 terms.

How fast can a shipbuilding & marine manufacturing shop get funded?

It depends on the program. Factoring often funds within days of account setup; equipment and working capital usually run days to a couple of weeks; SBA and larger term loans take longer. We tell you the real timeline up front.

Do I have to give up equity?

No. Every program we place is non-dilutive. You keep 100% ownership of your shop.

Can a Jones Act shipyard finance work-in-process before a milestone payment?

Yes. Asset-based lending and working capital facilities can advance against work-in-process and progress billings so a yard isn't forced to slow production while waiting on milestone acceptance and payment.

Do lenders work with shipyards on Navy or Coast Guard subcontracts?

Yes. Lenders familiar with government contracting understand subcontract flow-down terms, progress payment clauses, and assignment of claims requirements common to Navy and Coast Guard vessel programs.

Do I need great personal credit to factor invoices?

Not usually. Factoring underwriting weighs the credit of the customers who owe you money much more heavily than your personal credit. Manufacturers with challenged credit are often still approved.

Hull section under construction at a US shipyard

Invoice Factoring · Shipbuilding & Marine Manufacturing

Invoice Factoring for Shipbuilding & Marine Manufacturing shops

Get paid now for work you've already delivered. We match shipbuilding & marine manufacturing manufacturers with the invoice factoring structure that fits how you actually run — no equity given up, no application, origination, or closing fees to you.

Start a Quick App Call (844) 623-1234

Why shipbuilding & marine manufacturing shops choose invoice factoring

You've got steel cut, hull sections welded, and a crew on the floor months before the next milestone payment hits your account. Whether you're building for the Navy, the Coast Guard, a commercial towing company, or a recreational boat brand, the contract structure is the same problem: big value delivered, payment tied to inspection and milestone sign-off.

That gap between labor and material spend and milestone payment is where yards run out of runway, especially smaller Jones Act shipyards and marine subcontractors competing against primes with deeper balance sheets.

Invoice Factoring is one of the most direct ways to close that gap. Turn unpaid invoices into cash today—stop waiting on net-60 or net-90.

What shipbuilding & marine manufacturing shops get

Cash within days instead of 30–90 days
Line grows with your sales—no fixed cap
Underwriting focuses on your customers' credit, not just yours
Frees up working capital for materials, payroll, and new orders

How it works

1You invoice your customer as usual after delivery.
2The factoring partner advances a large percentage of that invoice (often 80–95%) within days.
3Your customer pays the factor directly on their normal terms.
4You receive the remaining balance, less a small factoring fee.

Cash-flow realities we see in shipbuilding & marine manufacturing

Progress billing and milestone payments that lag far behind labor and material spend
Navy, Coast Guard, and commercial fleet contracts with 60–120 day payment cycles after milestone acceptance
Steel, aluminum, and marine coating cost volatility on multi-year build contracts
Subcontractor and vendor payments due well before the prime contractor releases funds
High working capital needs to carry payroll through long build and inspection cycles

Get placed into invoice factoring

Tell us the basics. We'll confirm the fit and tell you exactly what this program requires before you fill anything long.

✓ No application, origination, or closing fees
✓ No equity given up
✓ US-based shipbuilding & marine manufacturing shops only

Quick app for shipbuilding & marine manufacturing

Takes about 30 seconds. We'll match you with the right funding partner — no obligation.

Your name

Company

Phone (optional)

Adding a phone triggers a second consent checkbox for SMS & AI-assisted calls.

What are you looking to do?

How much do you need?

How soon?

Anything else we should know? (optional)

Consent & disclosures (required — click to review)

Required — Contact & privacy consent. I give Manufactor Finance permission to contact me about my inquiry and, if it's a fit, to share my information with a vetted funding partner so they can help place my file. I've read and agree to the Privacy Policy and Terms of Use. See our Privacy Policy and Terms of Use.

No phone number provided — we'll reply by email only. Add a phone above if you'd also like a call or text.

Optional — Marketing updates. Send me occasional updates about funding programs and manufacturing resources. I can unsubscribe any time.

Manufactor Finance is a business consulting and referral service — not a bank, lender, private equity firm, or investor.

By sending, you confirm the required consent checkboxes above.

Other programs that fit shipbuilding & marine manufacturing

Asset-Based Lending (ABL) for Shipbuilding & Marine Manufacturing

Revolving lines secured by receivables, inventory, and equipment.

Explore Asset-Based Lending (ABL) for Shipbuilding & Marine Manufacturing

Working Capital for Shipbuilding & Marine Manufacturing

Short-term capital to bridge payroll, materials, and growth spikes.

Explore Working Capital for Shipbuilding & Marine Manufacturing

SBA & Term Loans for Shipbuilding & Marine Manufacturing

Longer-term, lower-cost capital for growth, real estate, or acquisitions.

Explore SBA & Term Loans for Shipbuilding & Marine Manufacturing

Invoice Factoring for other manufacturing niches

Invoice Factoring for Food & Beverage Manufacturing Invoice Factoring for Medical Device Manufacturing Invoice Factoring for Metal Fabrication Invoice Factoring for Plastics & Injection Molding

Frequently Asked Questions

Ready to keep production moving?

Start with a quick app or a phone call. We'll tell you exactly what the right program requires—at no charge.

Start the Conversation Call (844) 623-1234

Apply. Fund. Deliver. — No obligation.

AI-assistedDepending on live availability, calls may be answered by Mary, our AI Assistant, who takes a message and books a callback. Or email us instead.