What Is Work In Process or WIP Financing?
Work in Progress (WIP) is part of the inventory that’s currently working on and is yet to be complete. It is the part of the production process in-between the raw material and finished goods. WIP includes items that are being fabricated or waiting for further processing or storage.
Cash Flow With and Without WIP Funding
WIP Financing for the Manufacturing Industry
If the product is pre-sold to a creditworthy customer and your business has a stable manufacturing process, this unfinished product can be leveraged for funding. Paragon Financial is one of the few non-bank lenders offering WIP financing.
There are many factors involved in funding a WIP, including a close evaluation of the manufacturing process to ensure a quality product that is delivered on time. We can leverage our manufacturing expertise to help mitigate risk for all parties involved.
If you are a manufacturer that would like your WIP components to be considered for funding, give us a call at 888.400.5931. You may also e-mail us to the right or chat with us now.
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What Is Work In Process or WIP Financing?
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