Fast Capital for Hobbs Businesses
Hobbs sits at the heart of the New Mexico side of the Permian Basin, and its business community runs largely on oilfield services, equipment rental, and trucking that support the surrounding drilling activity. Restaurants and hotels fill in around the crew schedules of a workforce that swells and contracts with the price of oil.
Oil & Gas anchors much of Hobbs's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
Hobbs's trucking & logistics businesses run on equipment and people. Funding most often goes to replacing or adding equipment on the business's timeline, not a bank's.
Equipment & Rental Services operators in Hobbs use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
For hospitality in Hobbs, cash flow rarely follows the calendar. A revenue-based advance smooths the gap between slow stretches and busy ones.
Hobbs oil & gas operators replace aging equipment without waiting on a bank, keeping revenue flowing while the new equipment earns.
An established Hobbs trucking & logistics business funds the build-out and first months of a second location, drawing more later through AccessLine™ as the new site performs.
Hobbs equipment & rental services firms cover payroll and bring on new hires while waiting on customer payments, repaying as the receivables clear.
Most Hobbs businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including oil & gas, trucking & logistics, equipment & rental services 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 Hobbs 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