Fast Capital for Utica Businesses
Utica has rebuilt part of its manufacturing base around defense and technology contractors while healthcare and refugee-resettlement-driven small business growth have added new energy to its retail corridors. Its Mohawk Valley location makes it a modest regional hub for surrounding rural communities.
Manufacturing & Defense Contracting anchors much of Utica's economy. Operators here use working capital to carry payroll and supplier bills through the weeks when receivables lag behind the work.
Utica's healthcare services 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 operators in Utica use short-term capital to take on bigger jobs, larger orders, and new hires before the opportunity passes.
For technology in Utica, cash flow rarely follows the calendar. A revenue-based advance smooths the gap between slow stretches and busy ones.
Utica manufacturing & defense contracting crews front materials and labor on a larger contract, repaid as progress payments arrive instead of waiting on a bank line.
Utica healthcare services operators replace aging equipment without waiting on a bank, keeping revenue flowing while the new equipment earns.
Utica retail operators stock up before their busiest weeks with a working-capital draw repaid from daily sales.
Most Utica businesses that have operated for at least six months with $10,000 or more in monthly revenue qualify, including manufacturing & defense contracting, healthcare services, retail 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 Utica 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