Working Capital for Appliance Repair Services
Appliance repair technicians need a truck stocked with common parts to fix washers, refrigerators, and ovens on the first visit whenever possible. Paz Funding Source helps appliance repair businesses fund parts inventory, vehicles, and diagnostic tools between service calls.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so appliance repair services never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Carrying a wide range of common replacement parts on every truck ties up cash in inventory that may not turn into revenue for weeks.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Diagnostic tools and equipment for newer smart appliances require regular investment as manufacturers update their electronics and software.
One approval, draw what you need, and return for additional funding as your appliance repair services business performs. Warranty repair work for manufacturers or retailers often pays on a delayed reimbursement schedule, well after the technician has already covered parts and labor.
Stock the common replacement parts needed to complete repairs on the first visit.
Equip technicians with the diagnostic tools and vehicles repair work requires.
Cover payroll and parts costs while waiting on delayed manufacturer warranty reimbursements.
Yes, working capital can cover payroll and parts costs while you wait on delayed warranty payments from manufacturers or retailers.
Yes, funds can be used for parts inventory along with any other business expense.
Most appliance repair businesses qualify for $10,000 to $75,000, based on monthly revenue and time in business.
Paz funds appliance repair services from $2,500 to $5,000,000. Most appliance repair services qualify for $10,000 - $75,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Appliance Repair Services funding, approved in as little as 24 hours