Fast Capital for Somerville Businesses
Somerville's Union Square and Davis Square neighborhoods have become dense hubs for independent restaurants, breweries, and creative small businesses, fueled by the city's proximity to Cambridge's biotech and tech workforce.
Restaurants & Food Service anchors much of Somerville's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
Somerville's retail trade businesses run on equipment and people. Funding most often goes to replacing or adding equipment on the business's timeline, not a bank's.
Biotech & Life Sciences operators in Somerville use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
For professional services in Somerville, cash flow rarely follows the calendar. A revenue-based advance smooths the gap between slow stretches and busy ones.
Somerville restaurants & food service operators stock up before their busiest weeks with a working-capital draw repaid from daily sales.
An established Somerville retail trade business funds the build-out and first months of a second location, drawing more later through AccessLine™ as the new site performs.
Somerville biotech & life sciences firms cover payroll and bring on new hires while waiting on customer payments, repaying as the receivables clear.
Most Somerville businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including restaurants & food service, retail trade, biotech & life sciences 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 Somerville 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