Fast Capital for Duluth Businesses
Duluth's economy runs on its Lake Superior port, one of the busiest on the Great Lakes for shipping iron ore, grain, and coal, which supports a base of maritime, logistics, and industrial-services businesses. Tourism tied to the lakefront and Canal Park district provides a second major source of small-business revenue, especially through the summer season.
Maritime & Logistics anchors much of Duluth's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
Duluth's tourism & hospitality businesses run on equipment and people. Funding most often goes to replacing or adding equipment on the business's timeline, not a bank's.
Manufacturing operators in Duluth use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
Duluth maritime & logistics operators replace aging equipment without waiting on a bank, keeping revenue flowing while the new equipment earns.
An established Duluth tourism & hospitality business funds the build-out and first months of a second location, drawing more later through AccessLine™ as the new site performs.
Duluth manufacturing firms cover payroll and bring on new hires while waiting on customer payments, repaying as the receivables clear.
Most Duluth businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including maritime & logistics, tourism & hospitality, manufacturing and service businesses. We look at overall business health, not just credit.
Applications take about five minutes, approvals come in as little as 24 hours, and funds are sent to your business bank account as soon as the next business day.
No. Paz purchases a portion of your future receivables at a fixed price, repaid through fixed daily or weekly payments sized to your sales. There is no interest rate and no collateral.
Funding runs from $2,500 to $5,000,000. Most Duluth businesses qualify for $25,000 to $250,000 on a first draw, with more available through AccessLine™ as the business performs.
Get approved in as little as 24 hours