Working Capital for Electronics Stores
Electronics retailers sell fast-depreciating products in a category where a new model release can make last quarter's inventory far less desirable almost overnight.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so electronics stores never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. New product releases can make existing inventory less desirable within weeks, so electronics retailers are under constant pressure to sell through stock before the next model ships.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Big-box and online competitors force thin margins on popular items, so a store often needs enough buying power to earn better pricing from distributors.
One approval, draw what you need, and return for additional funding as your electronics stores business performs. Extended warranty and repair commitments mean a store may still owe service costs long after the original sale revenue has been spent.
Stock the latest phones, laptops and accessories ahead of a manufacturer release date.
Fund parts and tools for an in-house repair counter that keeps customers coming back.
Modernize the sales floor to compete with big-box electronics retailers.
Yes, many electronics retailers use working capital to pre-order and stock new phones, laptops or accessories ahead of a manufacturer's release date.
No, Paz bases approval on your monthly revenue and time in business, not on the specific products you carry, so fast product cycles do not count against you.
Yes, funding is provided as working capital you can direct to whatever the business needs, whether that is retail inventory, repair parts or store equipment.
Paz funds electronics stores from $2,500 to $5,000,000. Most electronics stores qualify for $20,000 - $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.
Electronics Stores funding, approved in as little as 24 hours