Working Capital for Cell Phone & Device Repair Shops
Phone and device repair shops need a constantly refreshed stock of screens, batteries and parts for models that change every year, all while customers expect same-day turnaround.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so cell phone & device repair shops never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Every new phone generation requires stocking new screens, batteries and parts, so last year's inventory can quickly stop matching what customers bring in.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Customers expect same-day or even same-hour repairs, which means a shop has to hold parts inventory on hand rather than ordering after the customer walks in.
One approval, draw what you need, and return for additional funding as your cell phone & device repair shops business performs. Slow months between major device releases can leave revenue flat while rent, technician wages and parts orders continue on a fixed schedule.
Keep replacement screens, batteries and components in stock for the latest device models.
Open an additional location or kiosk to capture more walk-in repair traffic.
Invest in specialized repair tools and technician training to handle newer devices.
Yes, repair shop owners commonly use working capital to stock screens, batteries and other parts as soon as a new device generation launches.
No, Paz primarily reviews your last three months of bank statements and monthly revenue, and most applicants do not need to provide full tax returns.
Approval can come in as little as 24 hours after you apply, with funds typically available the next business day.
Paz funds cell phone & device repair shops from $2,500 to $5,000,000. Most cell phone & device repair shops qualify for $10,000 - $100,000, 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.
Cell Phone & Device Repair Shops funding, approved in as little as 24 hours