Fast Capital for Lorain Businesses
Lorain's Lake Erie port continues to support shipping and manufacturing businesses even after the closure of its historic steel mill, with newer employers filling in around the harbor. A growing Hispanic-owned small business community has revitalized stretches of the city's commercial corridors.
Manufacturing anchors much of Lorain's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
Lorain's transportation & 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.
Retail Trade operators in Lorain use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
For construction in Lorain, cash flow rarely follows the calendar. A revenue-based advance smooths the gap between slow stretches and busy ones.
Lorain manufacturing operators replace aging equipment without waiting on a bank, keeping revenue flowing while the new equipment earns.
An established Lorain transportation & logistics business funds the build-out and first months of a second location, drawing more later through AccessLine™ as the new site performs.
Lorain retail trade operators stock up before their busiest weeks with a working-capital draw repaid from daily sales.
Most Lorain businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including manufacturing, transportation & logistics, retail trade 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 Lorain 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