Working Capital for Self-Storage Facilities
Self-storage facilities require significant upfront investment in units, security, and climate control before occupancy builds up to a steady stream of monthly rent. Paz Funding Source funds self-storage operators for facility expansion, security upgrades, and acquisition costs.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so self-storage facilities never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Building out new storage units, gates, and security systems requires major upfront investment well before occupancy rates climb high enough to cover it.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Occupancy takes time to fill after a facility opens or expands, so new unit blocks can sit partly empty for months while still costing money to maintain.
One approval, draw what you need, and return for additional funding as your self-storage facilities business performs. Climate control, security cameras, and gate systems need regular maintenance and eventual replacement to keep tenants and their belongings protected.
Build new storage unit blocks or expand an existing facility's capacity.
Upgrade gates, cameras, and climate control systems.
Acquire or open an additional self-storage location.
Yes. Working capital can go toward constructing new unit blocks or expanding an existing facility's capacity.
Yes. Funding can go toward security cameras, gate systems, and climate control equipment.
Approval is based on your overall business revenue and time in business, and AccessLine lets you draw more funding as occupancy and revenue grow.
Paz funds self-storage facilities from $2,500 to $5,000,000. Most self-storage facilities qualify for $50,000 - $750,000, 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.
Self-Storage Facilities funding, approved in as little as 24 hours