Working Capital for Freight Brokers
Freight brokerages match shippers with carriers and carry the financial gap between paying carriers fast and collecting from shippers on standard terms. Working capital keeps loads moving without waiting on 30 to 90 day shipper invoices.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so freight brokers never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Carriers often expect payment within a few days of delivery while shipper invoices run on 30, 60 or even 90 day terms, so the brokerage fronts the difference on every load.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Quick-pay programs offered to carriers to win their business eat into margin exactly when cash is tightest.
One approval, draw what you need, and return for additional funding as your freight brokers business performs. A single slow-paying shipper or a seasonal freight lull can strand a brokerage that has already paid out carriers for completed loads.
Pay carriers within days of delivery to win and keep their loyalty, without waiting on shipper payment.
Add dispatchers, brokers or technology to move more freight and grow lane coverage.
Smooth out cash flow between shipper payment cycles and ongoing operating costs.
Yes. Paz Working Capital is a purchase of your brokerage's future receivables, separate from any factoring arrangement you already use for individual invoices, and does not require collateral.
Most freight brokers are approved and funded in as little as 24 hours, which is fast enough to cover carrier payouts on loads that already delivered.
No single factor disqualifies you. Paz looks at monthly revenue and time in business, so brokerages with at least six months of operating history and $10,000 or more in monthly revenue can qualify.
Paz funds freight brokers from $2,500 to $5,000,000. Most freight brokers 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.
Freight Brokers funding, approved in as little as 24 hours