Working Capital for Recycling & Scrap Yards
Recycling centers and scrap yards pay out cash for incoming material the same day while processing and reselling that material takes time, and commodity prices can swing before a load ships. Working capital keeps buying material flowing through price cycles.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so recycling & scrap yards never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Scrap and recyclable material is typically paid for in cash on the spot, while processing and reselling that material to mills or buyers takes days or weeks.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Commodity prices for scrap metal and recyclables can swing significantly between the day material is purchased and the day it is sold, squeezing margin on inventory already paid for.
One approval, draw what you need, and return for additional funding as your recycling & scrap yards business performs. Heavy equipment like balers, shears and sorting lines require constant maintenance, and downtime directly slows how fast purchased material turns into sold material.
Fund the cash payouts needed to buy incoming scrap and recyclable material.
Maintain and upgrade the equipment that processes material for resale.
Smooth cash flow between material purchases and buyer payment.
Yes, many recycling and scrap businesses use working capital specifically to keep cash on hand for same-day material payouts.
No. Qualification is based on your business's monthly revenue and time in business, at least six months with $10,000 or more in monthly revenue, not on commodity price movements.
Approval can happen in as little as 24 hours, which can matter when a large material buying opportunity requires cash on short notice.
Paz funds recycling & scrap yards from $2,500 to $5,000,000. Most recycling & scrap yards qualify for $25,000 - $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.
Recycling & Scrap Yards funding, approved in as little as 24 hours