Working Capital for Towing & Roadside Assistance
Towing and roadside assistance companies run expensive specialized trucks around the clock and often wait weeks to be paid by insurers, police contracts and motor clubs. Working capital covers trucks, fuel and payroll while those invoices are outstanding.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so towing & roadside assistance never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Insurance companies, police impound contracts and motor clubs commonly pay on 30 to 60 day cycles while drivers and fuel are a daily cost.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. A tow truck out of service for repair directly cuts into capacity on emergency calls, where response time drives the business.
One approval, draw what you need, and return for additional funding as your towing & roadside assistance business performs. Storage lot and impound facility costs accumulate whether or not a vehicle owner has picked up their car or paid their bill.
Keep specialized tow trucks on the road and ready for emergency calls.
Staff up and equip the fleet to take on new motor club or municipal contracts.
Cover payroll and fuel while insurer and motor club invoices are outstanding.
Yes. Many towing companies use working capital specifically to cover payroll and fuel while waiting on insurance and motor club reimbursements that can take weeks to arrive.
No. Qualification is based on your business revenue and time in operation, at least six months in business with $10,000 or more in monthly revenue, not on what equipment you own free and clear.
Most towing and roadside assistance businesses qualify for $20,000 to $175,000, based on monthly revenue, with funding available from $2,500 up to $5,000,000 overall.
Paz funds towing & roadside assistance from $2,500 to $5,000,000. Most towing & roadside assistance qualify for $20,000 - $175,000, 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.
Towing & Roadside Assistance funding, approved in as little as 24 hours