Working Capital for Catering Companies
Catering companies front the cost of ingredients, staffing and equipment for every event well before a client's final payment arrives. Working capital bridges that gap and helps caterers invest in kitchen equipment, delivery vehicles or staffing to take on larger and more frequent bookings.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so catering companies never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Large events often require significant ingredient and staffing spend upfront, while client payment terms can stretch to 30 days or more after the event.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Booking calendars can swing between a packed wedding season and a quiet stretch, making revenue difficult to predict month to month.
One approval, draw what you need, and return for additional funding as your catering companies business performs. Commercial kitchen space, delivery vehicles and event equipment represent a substantial fixed investment that must be maintained between bookings.
Cover upfront ingredient purchasing and staffing before client payment arrives.
Expand commercial kitchen space or add catering equipment and vehicles.
Take on bigger corporate and wedding events that require more upfront capital.
Yes, this is one of the most common uses of working capital among caterers, covering ingredient and staffing costs during the gap between an event and final client payment. There is no restriction on how the funds are used.
No, underwriting reviews your full bank statement history, so seasonal swings between busy and slow booking periods are factored in. Most catering companies qualify with $10,000 or more in monthly revenue.
Yes, caterers commonly use working capital to cover the larger upfront ingredient, staffing and equipment costs that bigger corporate or wedding bookings require. Funding from $2,500 to $5,000,000 can scale with the size of the opportunity.
Paz funds catering companies from $2,500 to $5,000,000. Most catering companies qualify for $15,000 - $150,000, 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.
Catering Companies funding, approved in as little as 24 hours