Working Capital for Tax Preparation Services
Tax preparation businesses earn the bulk of their annual revenue in a compressed filing season, while rent, staff and software costs continue year-round. Working capital helps smooth the off-season and fund the staffing surge before filing season revenue arrives.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so tax preparation services never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. The majority of annual revenue is often earned in a three- to four-month filing season, leaving lean cash flow the rest of the year.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Seasonal preparer payroll and training costs are due before filing season revenue starts coming in.
One approval, draw what you need, and return for additional funding as your tax preparation services business performs. Tax software licensing and continuing education fees are typically paid upfront each year ahead of the busy season.
Cover rent, staff and overhead during the months between filing seasons.
Hire and train seasonal preparers before filing season revenue starts flowing in.
Pay for tax preparation software and required licensing ahead of the season it is needed for.
Yes, qualification looks at average monthly revenue and time in business, and funding can specifically help smooth the off-season months when a filing-season business earns less.
Yes, funding can be used for any legitimate business purpose, including hiring and training seasonal preparers ahead of the busy season.
No, the standard requirement is at least six months in business with $10,000 or more in monthly revenue, not a full annual cycle.
Paz funds tax preparation services from $2,500 to $5,000,000. Most tax preparation services qualify for $15,000 - $125,000, 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.
Tax Preparation Services funding, approved in as little as 24 hours