Working Capital for Boat & Marine Dealers
Boat and marine dealerships carry high-value inventory and service seasonal demand that peaks hard in warm months and slows dramatically in winter. Working capital funds inventory and staffing through the off-season lull.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so boat & marine dealers never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Boats and marine equipment carry a high per-unit cost, so floor plan and inventory financing tie up significant cash before boating season sales arrive.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Winterization, storage and slip costs continue through the off-season with little matching revenue in colder climates.
One approval, draw what you need, and return for additional funding as your boat & marine dealers business performs. Marine service departments need specialized technicians and parts on hand, and those costs do not pause when boat sales slow down.
Stock boats and marine equipment ahead of the spring and summer selling season.
Fund the service and storage side of the business through the full season cycle.
Cover fixed costs during the slower months between boating seasons.
Yes, working capital is commonly used by boat dealers to cover fixed costs and prepare inventory during the off-season, before the spring selling season brings in revenue.
No. Paz Working Capital is a purchase of your future receivables and does not require collateral, so your boats and equipment are never pledged.
Most boat and marine dealerships qualify for $25,000 to $200,000, based on monthly revenue and time in business, with funding available up to $5,000,000.
Paz funds boat & marine dealers from $2,500 to $5,000,000. Most boat & marine dealers qualify for $25,000 - $200,000, 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.
Boat & Marine Dealers funding, approved in as little as 24 hours