According to a 2016 survey conducted by the U.S. Small Business Administration, there are nearly 600,000 small businesses in the manufacturing industry and almost 250,000 of them employ anywhere from 1 to 499 people. The jobs and revenue generated by these small manufacturing businesses are a vital part of the U.S. economy and the items they manufacture are used by people all over the country and the world. As you can see, the manufacturing industry is a great place to invest your time and money and whether you’re currently a manufacturing business owner or you’re looking to start a new business, it takes plenty of capital to keep an operation running smoothly. When you need money, you might think that applying for manufacturing business loans from a traditional bank is your only option. At REIL Capital, we want you to know that we’re providing alternative methods of manufacturing business funding that may be better suited to your situation, and we’re making it easy for you to apply. While seeking out manufacturing business loans from traditional banks is always an option, it may not be the best one for you. First of all, it can take a long time to get manufacturing business loans, and most small business owners don’t have the luxury of time to wait. Second, manufacturing business loans with the best terms are usually reserved for those with flawless credit scores and plenty of collateral. If you don’t have those things, you could end up paying an outrageous rate on your manufacturing business loans or you may even be denied outright. If you’d rather not deal with traditional banks and their manufacturing business loans process, REIL Capital may have the answers you’re looking for.