Working Capital for Locksmiths
Locksmith businesses need a well-stocked van and specialized key-cutting and lock-picking tools ready for emergency calls at any hour. Paz Funding Source gives locksmiths working capital for vehicles, inventory, and technology so no emergency call goes unanswered for lack of cash.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so locksmiths never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Emergency and after-hours calls require a fully stocked service van at all times, tying up cash in lock inventory, key blanks, and specialized tools that may sit unused for weeks.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Automotive locksmith work increasingly depends on expensive key-programming equipment that must be updated as vehicle manufacturers change their transponder and fob technology.
One approval, draw what you need, and return for additional funding as your locksmiths business performs. A slow month of walk-in and residential calls still carries the same vehicle insurance, licensing, and bonding costs as a busy one.
Stock service vans with the locks, keys, and tools needed to handle any call.
Keep pace with new key-programming and smart-lock technology.
Cover the advertising and licensing costs needed to grow a locksmith business.
Yes, a mobile or van-based locksmith business can qualify as long as it has operated for at least six months with $10,000 or more in monthly revenue.
Yes, working capital can go toward equipment purchases like key-programming tools along with any other business expense.
No, funding is a purchase of your future receivables rather than a loan, so no collateral is required.
Paz funds locksmiths from $2,500 to $5,000,000. Most locksmiths qualify for $10,000 - $75,000, 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.
Locksmiths funding, approved in as little as 24 hours