We know manufacturing

Trade finance is an indispensable tool for manufacturing businesses looking to expand their global reach. At 1st Source Bank, we understand the complexities of international trade and offer tailored solutions to help your manufacturing business thrive. Here's how our trade finance services can benefit you:

• Letter of credit (LC): Simplify international transactions with our LC services. We issue LCs on behalf of importers, providing exporters with the assurance of payment upon meeting specified terms and conditions. This ensures smoother transactions and builds trust between buyers and sellers.
• Export financing: Keep your cash flow steady while waiting for payment from overseas buyers with our export financing options. Whether you need pre-export or post-shipment financing, we provide flexible solutions to support your export activities and fuel your business growth.
• Import financing: Facilitate your import transactions with our import financing solutions. Whether it's trade credit or import loans, we offer convenient financing options to help you procure goods and services from overseas suppliers and keep your operations running smoothly.
• Trade credit insurance: Protect your business against the risks of non-payment by overseas buyers with our trade credit insurance. Our comprehensive coverage safeguards you against insolvency, default, and non-payment, giving you peace of mind to focus on growing your business.
• Bank guarantees: Gain confidence in your international trade transactions with our bank guarantees. Whether it's a performance guarantee or a payment guarantee, we provide assurance to both buyers and sellers, facilitating secure and reliable trade relationships.

  1st Source Bank is committed to supporting your manufacturing business every step of the way. Let us help you navigate the complexities of international trade and unlock new opportunities for growth. Contact us today to learn more about our trade finance solutions.

At 1st Source Bank, we understand that manufacturing businesses have unique financial needs.  That is why we offer a range of Lines of Credit (LOC) tailored specifically to support you. Our relationship managers will work with you to find the LOC options that best fit your manufacturing business needs:

• Guidance lines of credit: Get tailored financing solutions aligned with your business goals. Whether it's expanding your facilities, investing in new technology, or launching a new product line, our guidance LOCs provide targeted funds to support your strategic initiatives.
• Working capital lines of credit: Keep your operations running smoothly with access to funds for day-to-day expenses like payroll and raw materials. Our flexible borrowing and repayment terms help you manage cash flow fluctuations effectively, so you can focus on driving your business forward.
• Inventory financing lines of credit: Ensure you have the resources you need to maintain optimal inventory levels with our financing options. Whether it's purchasing raw materials or finished goods, our LOCs provide the funds you need to keep your production processes seamless and efficient.
• Equipment financing lines of credit: Stay ahead of the competition with the latest equipment and machinery. Our financing solutions enable you to acquire or upgrade essential equipment, enhancing operational efficiency and competitiveness in the industry.
• Export financing lines of credit: Expand your horizons with our export financing options. Whether you're fulfilling overseas orders or exploring new markets, our LOCs provide the working capital you need to support your export activities and drive international growth.
• Contract financing lines of credit: Take on new projects with confidence. Our contract financing options provide funding for specific projects or contractual obligations, ensuring you have the resources to fulfill your commitments and deliver exceptional results.
• Seasonal lines of credit: Navigate seasonal demand fluctuations with ease. Our seasonal LOCs offer access to funds during peak seasons, enabling you to ramp up production and meet customer demand without missing a beat.

At 1st Source Bank, we're committed to helping your manufacturing business thrive. Let us be your financial partner on the journey to success. Contact us today to learn more about how our LOC options can support your growth.

Unlock the power of investment sweep accounts. As seasoned experts in financial management, we offer this service to optimize your cash flow while earning potential returns. Here's what you need to know:

• Automatic Sweeping: Funds are seamlessly transferred between your checking and investment accounts, ensuring your excess funds are always working for you.
• Maximized Returns: Enjoy the opportunity to earn higher interest rates on your idle cash through various investment vehicles like money market funds or mutual funds.
• Flexible Thresholds: Customize the threshold that triggers the automatic transfer based on your financial goals and preferences.
• Convenience and Accessibility: Access your funds easily when needed, as they remain liquid and readily available for withdrawals or transfers back to your checking account.
• Streamlined Management: Say goodbye to manual transfers and monitoring efforts as our investment sweep accounts automate the process, saving you time and hassle.

With our expertise and tailored solutions, you can confidently manage your cash balances while maximizing returns and maintaining liquidity. Connect with us to learn more about the convenience and potential of investment sweep accounts today!