Working Capital for Flooring Contractors
Flooring contractors carry the cost of tile, hardwood, carpet, and vinyl inventory long before a job is invoiced, and material prices can shift between the estimate and the install. Paz Working Capital gives flooring businesses cash to purchase materials and cover installer payroll without waiting on customer or builder payment.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so flooring contractors never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Flooring material has to be ordered and often paid for in full before installation begins, well ahead of collecting payment from the customer.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. New-construction and remodel jobs booked through builders or general contractors frequently pay on net-30 to net-60 terms.
One approval, draw what you need, and return for additional funding as your flooring contractors business performs. Installer crews are often paid per job completed, so payroll can come due before final payment from the customer clears.
Purchase tile, hardwood, carpet, or vinyl ahead of a scheduled install
Pay installation crews on schedule even before final payment arrives from the customer
Stock showroom samples and displays that help close larger jobs
Yes. Paz Working Capital can be used to purchase tile, hardwood, carpet, or vinyl ahead of an install, since funding is based on your overall business revenue rather than a specific job.
No. Qualification is based on your monthly revenue and time in business, generally six or more months and $10,000 or more in monthly revenue, not on specific upcoming contracts.
Yes, funding can bridge the gap between paying for materials and installers and collecting payment on net-30 or net-60 builder invoices.
Paz funds flooring contractors from $2,500 to $5,000,000. Most flooring contractors qualify for $20,000 - $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.
Flooring Contractors funding, approved in as little as 24 hours