Working Capital for Adult Day Programs & Senior Centers
Adult day programs and senior centers staff their facilities and cover transportation and meal costs well before Medicaid waivers or private-pay revenue for those services is collected. Paz Funding Source gives senior care businesses working capital to cover staffing, transportation, and facility costs.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so adult day programs & senior centers never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Medicaid waiver and insurance reimbursements for day program services are often paid weeks after care is provided, while staff and meal costs are due immediately.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Transportation vans that pick up and drop off participants need regular maintenance, and a van out of service can mean fewer participants able to attend that day.
One approval, draw what you need, and return for additional funding as your adult day programs & senior centers business performs. Staffing ratios required for participant safety mean payroll costs stay relatively fixed even when daily attendance fluctuates.
Cover the direct care staff and activity coordinators a day program depends on.
Maintain or expand the vehicles used to transport program participants.
Cover the meals, supplies, and facility costs of running a day program.
Yes, working capital can cover staffing and transportation costs while waiver or insurance reimbursements are still being processed.
Yes, funds can go toward vehicle maintenance or replacement along with any other business expense.
A US business operating at least six months with $10,000 or more in monthly revenue can apply.
Paz funds adult day programs & senior centers from $2,500 to $5,000,000. Most adult day programs & senior centers 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.
Adult Day Programs & Senior Centers funding, approved in as little as 24 hours