Resource 9: Financing
Starting up an operation or reshoring to an existing facility will often require a combination of long-term financing of capital equipment and working capital and financing of inventory during the transition. (Eventually, inventory should be substantially reduced due to shorter supply chains.) Inadequate financing has caused several reshoring efforts to fail. Here are some financing sources that are supportive of the reshoring trend:
Asset based lending:
Commercial financing:
- Bank of America Merrill Lynch - Matthew Elliott - Ph: 248-631-0600 - Website
- IIUSA (Invest In the USA) - Peter D. Joseph - Ph: 202-795-9669 - Website
Equipment financing:
- U.S. Bank Equipment Finance - Ken Rector - Ph: 800-253-3468 ext. 6032751 - Website
- Biggins Lacy Shapiro & Company – Michelle Comerford – Ph: 216-973-8872 – Website