Working Capital for Electronics Manufacturing
Electronics manufacturers and contract assemblers buy components and circuit boards up front on long lead times while customers pay on standard invoice terms after delivery. Working capital covers component orders and production between shipments.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so electronics manufacturing never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Electronic components and circuit boards often carry long lead times and must be purchased or deposited on well before a production run can begin.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Component shortages and price volatility can force a manufacturer to pay more up front than originally budgeted just to keep a production line moving.
One approval, draw what you need, and return for additional funding as your electronics manufacturing business performs. Contract manufacturing and OEM customers typically pay on 30 to 60 day invoice terms after final assembly and testing are complete.
Buy electronic components and circuit boards ahead of production runs.
Maintain and upgrade the assembly and testing equipment production depends on.
Cover payroll and component costs while OEM invoices are outstanding.
Yes, funds can be used to purchase or deposit on components, cover production costs, or any other business need tied to fulfilling an order.
No. Paz Working Capital is a purchase of your future receivables, not a secured loan, so your production equipment is never pledged as collateral.
Most electronics manufacturers qualify for $30,000 to $250,000, based on monthly revenue and time in business, with funding available up to $5,000,000.
Paz funds electronics manufacturing from $2,500 to $5,000,000. Most electronics manufacturing qualify for $30,000 - $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.
Electronics Manufacturing funding, approved in as little as 24 hours