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Bike Shops Funding
Working Capital for Bike Shops
Same-Day Funding Available
Bike shops balance seasonal sales swings with a service department that needs a steady supply of parts, so cash needs shift throughout the year.
Working Capital for Bike Shops
Bike shops balance seasonal sales swings with a service department that needs a steady supply of parts, so cash needs shift throughout the year.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so bike shops never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Bike sales are heavily seasonal, so a shop may need to stock up on inventory in early spring using cash reserves built up over a slower winter.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Carrying complete bikes across multiple brands and price points ties up significant cash per unit compared to smaller accessory items.
One approval, draw what you need, and return for additional funding as your bike shops business performs. A busy service department needs a steady supply of parts on hand, but parts suppliers often want payment well before the repair labor is ever billed out.
Stock complete bikes and accessories ahead of the spring and summer riding season.
Keep repair parts and components in stock to turn around tune-ups and repairs quickly.
Add a second location or expand rental and repair capacity.
Yes, Paz reviews your overall monthly revenue trend, so a bike shop with a strong spring and summer season is not penalized for a slower winter.
Yes, working capital can be used for any business need, including stocking repair parts for your service department.
Most bike shops qualify for funding based on their monthly revenue and time in business, with amounts generally ranging from a few thousand to a few hundred thousand dollars.
Paz funds bike shops from $2,500 to $5,000,000. Most bike shops qualify for $15,000 - $150,000, 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.
Bike Shops funding, approved in as little as 24 hours