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.
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 referred for 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
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 ManufacturingWorking Capital for Shipbuilding & Marine Manufacturing
Short-term capital to bridge payroll, materials, and growth spikes.
Explore Working Capital for Shipbuilding & Marine ManufacturingSBA & Term Loans for Shipbuilding & Marine Manufacturing
Longer-term, lower-cost capital for growth, real estate, or acquisitions.
Explore SBA & Term Loans for Shipbuilding & Marine ManufacturingInvoice Factoring for other manufacturing niches
Frequently Asked Questions
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. Full mechanics: the Invoice Factoring program page. Sector overview: Shipbuilding & Marine Manufacturing.
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.
No. We are an independent business financing referral service and are not paid by you. Our funding partners compensate us only after a referred manufacturer actually receives their funds.
No. Every program we refer is non-dilutive. You keep 100% ownership of your shop.
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.
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.
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.
- Underwriting focuses on your customers' credit and payment history, not yours.
- Challenged personal credit, thin files, and past bankruptcies can still qualify.
- You need B2B or B2G invoices on net-15 to net-90 terms.
- Baseline volume is about $25K or more in monthly revenue.
- Not sure your file clears it? Score your readiness first.
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.
Apply. Fund. Deliver. No obligation.
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