Working Capital for Auto Body & Collision Shops
Auto body and collision repair shops front the cost of parts and labor on every job while waiting on insurance claim payments that can take weeks to settle. Working capital keeps parts orders and payroll moving through the claims cycle.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so auto body & collision shops never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Insurance claim payments routinely arrive weeks after a repair is completed, while parts suppliers and technicians must be paid up front.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Specialized paint booths, frame machines and diagnostic equipment require large capital outlays that a single collision job cannot cover.
One approval, draw what you need, and return for additional funding as your auto body & collision shops business performs. Parts backorders and supplemental claim approvals can stretch a repair timeline, tying up shop bays and cash on a job that is not yet paid.
Order parts and paint materials up front while insurance claims are processed.
Invest in the equipment collision repair and insurance DRP programs require.
Cover payroll and overhead while waiting on insurance claim settlements.
Yes, this is one of the most common reasons collision shops use working capital, to keep parts orders and payroll moving while insurance claims are still being processed.
Yes. Funds can be used for shop equipment, parts, payroll or any other business purpose you decide is the priority.
A US-based shop that has operated for at least six months with $10,000 or more in monthly revenue can apply, with a decision typically in as little as 24 hours.
Paz funds auto body & collision shops from $2,500 to $5,000,000. Most auto body & collision shops qualify for $25,000 - $200,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Auto Body & Collision Shops funding, approved in as little as 24 hours