Getting Started as a Manufacturer

Starting a manufacturing company, like starting any company, has its challenges. As a manufacturer, you’ll more than likely be confronted with a lot of upfront costs. You’ll need to order raw materials, research and develop prototypes, purchase the necessary equipment to make your product a reality, and build a successful sales channel. While every manufacturing company is different, maintaining a positive cash flow is a top priority, especially early on in the life cycle of the business.

When selecting companies to work with during this critical time, you should seriously consider checking their business credit to gauge their financial health. The last thing you want is to be left high and dry by the company you ordered your raw materials from when you’re ready to roll out your product.

Many companies will pull your business credit report to help decide whether or not they want to work with you. Having a strong business credit file will help establish your credibility with insurance companies, lenders, suppliers, and buyers.

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Building your own business credit at this time can also be critical.
You may want to:
check arrow Secure insurance
check arrow Secure startup finding
check arrow Build relationships with suppliers
check arrow Build relationships with buyers

Learn the Basics of Business Credit

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What is business credit? How is it different from personal credit?

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How does business credit play a role in my company’s credibility?

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Understanding your D&B® scores and ratings: An overview

Does Your Manufacturing Company have a D&B
D-U-N-S® Number?

It’s the first step in establishing and building your business credit file.

In the manufacturing space, being able to show others that you’re a credible and trustworthy business can be critical to your success. That’s why so many manufacturers depend on their D&B D-U-N-S Number and business credit report to showcase their credibility to others.

A D&B D-U-N-S Number is a free, unique business identifier used by 225+ million businesses worldwide. Your D&B D-U-N-S Number allows you to establish business credit, showcase your creditworthiness to others, and is required to do business with most government entities and many Fortune 500 companies.

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Monitoring Your Partners

You have your D&B D-U-N-S Number, but you may also want to make sure you’re monitoring the companies supporting your manufacturing business. By working with businesses that you know you can trust and keeping an eye on their financial health, you’ll help put yourself in the best position to deliver to your customers, every time.

CreditAdvisor™ can help you monitor one of your partner’s D&B credit scores and ratings, and DNBi can help you monitor the D&B scores and rating for multiple companies at once.

How Could Government Low Price Technically Acceptable (LPTA) Impact Your Business?

February 16th, 2017|Comments Off on How Could Government Low Price Technically Acceptable (LPTA) Impact Your Business?

If you are doing any kind of business with the United States Government, you have likely seen the acronym LPTA, which stands for Low Price Technically Acceptable. What does LPTA mean to you as a [...]

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Why Start with Subcontracting

February 6th, 2017|Comments Off on Why Start with Subcontracting

Why Start With Subcontracting In some cases, typically if your business is young, it will not qualify to contract directly with certain companies or government agencies. In cases like these, you can look into [...]

U.S. Manufacturing: One World, Two Realities

December 27th, 2016|Comments Off on U.S. Manufacturing: One World, Two Realities

If you want to see the state of U.S. manufacturing these days, compare Massena, N.Y. and Pineville, La. Massena, a town of 10,000 in upstate New York, lost a General Motorsplant while Alcoa has contemplated [...]

We’re Here to Help

Every industry has different challenges. Our dedicated credit advisors* are standing by ready to help you find the best solution for your manufacturing business needs.

call now Get answers to your business credit questions.
Call 1-800-701-7302

Next Section: Leveraging Business Credit to Grow Your Manufacturing Business >>

*The information and advice provided by Dun & Bradstreet and its Credit Advisors during business credit counseling sessions is provided “as-is.” Dun & Bradstreet makes no representations or warranties, express or implied, with respect to such information and the results of the use of such information, including but not limited to implied warranty of merchantability and fitness for a particular purpose. Neither Dun & Bradstreet nor any of its parents, subsidiaries, affiliates or their respective partners, officers, directors, employees or agents shall be held liable for any damages, whether direct, indirect, incidental, special or consequential, including but not limited to lost revenues or lost profits, arising from or in connection with a business’s use or reliance on the information or advice given during any counseling session.