Working Capital for Seafood Markets
Seafood markets deal with some of the most perishable inventory in retail, often paying for daily or weekly catches before the product ever reaches a display case. Working capital keeps fresh and live seafood supply flowing and covers the refrigeration and tank equipment that keeps it sellable.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so seafood markets never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Seafood is highly perishable and often purchased on a daily or weekly basis, requiring frequent cash outlay that other retail categories do not face.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Live tanks, ice machines and refrigerated display cases must run continuously, and a single equipment failure can spoil an entire inventory.
One approval, draw what you need, and return for additional funding as your seafood markets business performs. Seafood prices can swing significantly based on season, weather and catch volume, making cost planning difficult even for an established market.
Maintain live tanks, ice machines and refrigerated display cases.
Buy fresh and live seafood on a daily or weekly basis without cash-flow strain.
Add prepared foods, a second location or delivery service.
Yes, there is no restriction on use, so seafood markets commonly apply working capital toward the frequent, cash-intensive purchasing that fresh and live seafood requires. Funds can be available as soon as the next business day.
Yes, approval can happen in as little as 24 hours specifically for situations like a failing tank or refrigeration unit. That speed is built to protect a highly perishable inventory.
No, underwriting is based on your overall monthly revenue and bank statement history, not on seafood commodity pricing. Most seafood markets qualify with $10,000 or more in monthly revenue.
Paz funds seafood markets from $2,500 to $5,000,000. Most seafood markets qualify for $15,000 - $100,000, 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.
Seafood Markets funding, approved in as little as 24 hours