Working Capital for Barbershops
Barbershops build their business on a regular clientele and skilled chair talent, but rent and booth-rent-style payouts to barbers continue whether the shop is fully booked or not. Working capital funds chair renovations, equipment, and new location openings.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so barbershops never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Walk-in and appointment traffic can dip during certain weeks of the month and pick back up around paydays and holidays, leaving revenue less predictable than fixed rent.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Clippers, chairs, and other tools wear out with daily use and often need replacing sooner than a shop's cash reserves are built up to cover.
One approval, draw what you need, and return for additional funding as your barbershops business performs. Many barbers work on a commission or chair-rental basis, so bringing on new talent means covering marketing and ramp-up time before their book of regulars is full.
Replace and upgrade the chairs, clippers, and tools a busy barbershop wears through.
Cover marketing and ramp-up costs while a newly hired barber builds their clientele.
Renovate the current space or open a second shop location.
Yes, many barbershops use working capital to cover rent and payroll during slower weeks without cutting staff or hours.
Yes, we fund barbershops of every size, from a single chair to multi-barber shops, based on the business's monthly revenue.
A US-based barbershop open at least six months with $10,000 or more in monthly revenue typically qualifies, with no hard credit pull to get pre-qualified.
Paz funds barbershops from $2,500 to $5,000,000. Most barbershops 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.
Barbershops funding, approved in as little as 24 hours