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The United States packaging industry is experiencing an unprecedented surge in demand, fueled by the ever-growing e-commerce sector. In addition, custom package design, prototyping, and manufacturing are always needed to meet the specific needs of small businesses in countless industries. This is excellent news for your packaging business.
If you need funding to cover your daily expenses, expand your operations, or lease or finance packaging equipment, you've come to the right place. Huddle Business Capital is an independently owned company that works with a network of lenders to offer you packaging business financing solutions from $5,000 to $25 million.
Enter basic business information on our 100% online application.
We'll review your information and contact you with a credit decision.
If your application is approved, you can expect to receive funding fast.
The increased cost of packaging materials and supplies and unexpected slow sales cycles can affect cash flow and make it difficult to meet financial obligations. That's when a packaging business loan can be helpful. You can use the funds for myriad business-related purposes, including payroll, materials, facility rent, professional fees, and utilities.
Huddle Business Capital's lender network offers unsecured (collateral-free) working capital loans, collateralized working capital loans, and business term loans. If you are still determining which type of packaging business loan is best for your needs, we will gladly discuss them with you so you can make an informed decision.
Equipment is the cornerstone of every packaging business. The right equipment is required to pack and seal products, fulfill orders on time, and meet customer/client demand. If you are in the market for a new or upgraded piece of equipment and don't want to make a large one-time purchase, packaging equipment financing is the solution.
With this option, you receive funding to finance the equipment your company needs and repay what you borrow with predictable, manageable monthly payments.
Equipment such as packaging machines, bag sealers, conveyor belts, shrink wrappers, and palletizers have high price tags. However, packaging equipment leasing can help you overcome any budget limitations and conserve your company's cash flow. To get started, submit an online application that asks for basic information about you and your packaging company.
In the event that your lease application is approved and you decide to move forward, funding will be provided to your packaging equipment vendor. You will make lease payments over a convenient term, and once your lease is up, you have several end-of-lease options. You can choose to renew the packaging equipment, buy it, upgrade to newer/different equipment, or return it.
When your packaging company's cash flow is strained, it can be challenging to meet short-term operating expenses such as paying vendors, suppliers, or employees. The solution is a packaging business line of credit. A credit line gives you access to funds up to a specific limit that can be drawn at any time.
Your revolving credit line is linked to your packaging company's checking account, and you only need to repay what you borrow, plus interest. The amount you repay is added to the amount you can borrow and becomes available immediately.