Working Capital for Equipment Rental Companies
Equipment rental companies tie up significant cash in the fleet of machinery they buy to rent out, then wait weeks or months to earn it back through rental fees. Paz Funding Source provides working capital so rental yards can add inventory, repair equipment, and take on larger contracts without stalling.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so equipment rental companies never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. New equipment purchases require large upfront cash outlays that are only recovered gradually through weeks or months of rental income.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Machinery breaks down or needs scheduled maintenance at unpredictable times, and a unit sitting in the repair bay earns nothing while parts and labor bills still come due.
One approval, draw what you need, and return for additional funding as your equipment rental companies business performs. Rental demand swings with construction and landscaping seasons, so slow months can leave a yard carrying full overhead on a fraction of its usual bookings.
Add new equipment to the rental fleet or replace aging units to keep the inventory competitive.
Keep machinery in working order so it stays available to rent instead of sitting idle.
Cover payroll and overhead during slower rental seasons so the business is ready when demand returns.
Yes, working capital from Paz can go toward purchasing or repairing equipment for your rental fleet, along with any other business expense.
No, Paz's funding is a purchase of your future receivables rather than a loan, so your equipment fleet does not need to be pledged as collateral.
Repayment is structured as a fixed daily or weekly amount sized to your typical revenue, and AccessLine lets qualifying businesses draw additional funds later as bookings pick back up.
Paz funds equipment rental companies from $2,500 to $5,000,000. Most equipment rental companies qualify for $25,000 - $500,000, 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.
Equipment Rental Companies funding, approved in as little as 24 hours