Working Capital for Engineering Firms
Engineering firms, from civil to structural to MEP, front payroll for licensed engineers and project staff across long design and review cycles before municipal or client milestones release payment. Working capital keeps projects staffed through those review delays.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so engineering firms never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Municipal plan review and permitting delays can push client payment milestones back by weeks or months without warning.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Licensed professional engineers and CAD staff are salaried positions that must be paid on a fixed schedule regardless of project timing.
One approval, draw what you need, and return for additional funding as your engineering firms business performs. Specialized testing, surveying and software licensing costs are typically paid out before they can be billed back to the client.
Keep staff paid through municipal review cycles that push client payments out unpredictably.
Pay for outside testing, surveying or lab work before that cost is billed through to the client.
Bring on engineers and support staff to handle a new contract before its first milestone payment.
Yes, qualification is based on monthly revenue and time in business rather than the type of client, so firms working primarily with municipalities or government contracts can qualify.
Funding can be used for any legitimate business purpose, including payroll, testing and survey costs, software licenses or staffing up for a new contract.
Approval can come in as little as 24 hours, with funds available as soon as the next business day once approved.
Paz funds engineering firms from $2,500 to $5,000,000. Most engineering firms qualify for $30,000 - $250,000, 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.
Engineering Firms funding, approved in as little as 24 hours