Fast Capital for New Bedford Businesses
New Bedford has been the country's highest-value fishing port for over two decades, anchoring a working waterfront of seafood processors, boat repair yards, and trucking operators, with a growing offshore-wind supply chain adding new manufacturing demand.
Fishing & Seafood anchors much of New Bedford's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
New Bedford's manufacturing businesses run on equipment and people. Funding most often goes to replacing or adding equipment on the business's timeline, not a bank's.
Trucking & Logistics operators in New Bedford use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
For retail trade in New Bedford, cash flow rarely follows the calendar. A revenue-based advance smooths the gap between slow stretches and busy ones.
New Bedford fishing & seafood operators stock up before their busiest weeks with a working-capital draw repaid from daily sales.
New Bedford manufacturing operators replace aging equipment without waiting on a bank, keeping revenue flowing while the new equipment earns.
An established New Bedford trucking & logistics business funds the build-out and first months of a second location, drawing more later through AccessLine™ as the new site performs.
Most New Bedford businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including fishing & seafood, manufacturing, trucking & logistics 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 New Bedford 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