Working Capital for Coworking Spaces
Coworking spaces and shared office operators need capital to build out desks, private suites, and amenities while member dues arrive in smaller, staggered payments. Paz Funding Source helps coworking operators cover build-outs, furniture, and technology upgrades without waiting on a bank.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so coworking spaces never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Membership revenue trickles in through monthly and day-pass payments while lease, utility, and cleaning bills are due in full every month regardless of occupancy.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. A slow lease-up period after opening a new location or floor can leave desks empty for months before membership sales catch up to fixed costs.
One approval, draw what you need, and return for additional funding as your coworking spaces business performs. Popular amenities like private phone booths, conference rooms, and high-speed connectivity need regular reinvestment to keep members renewing instead of switching to a competing space.
Fund the construction and design work needed to convert raw or leased square footage into a functioning coworking floor.
Equip common areas and private suites with the furniture and connectivity members expect.
Cover the marketing and staffing push needed to fill a new location or floor.
Yes. Paz looks at your business's monthly revenue and time in business rather than requiring a fully leased floor, so a space still filling up can still qualify.
Yes, working capital can go toward build-out, furniture, and marketing costs for a new location, and repayment is structured around your existing revenue rather than the new site's ramp-up.
Once approved, funding can arrive in as little as 24 hours, which helps cover rent and operating costs while membership sales catch up.
Paz funds coworking spaces from $2,500 to $5,000,000. Most coworking spaces qualify for $20,000 - $250,000, 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.
Coworking Spaces funding, approved in as little as 24 hours