Working Capital for IT Services & Managed Service Providers
IT services firms and managed service providers often buy hardware, software licenses and cloud capacity for clients before billing them, while payroll for technicians runs on a fixed schedule. Working capital keeps procurement and staffing moving between billing cycles.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so it services & managed service providers never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Hardware and licensing for a client project is frequently purchased upfront, well before the client invoice is paid.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Support contracts and managed service agreements are commonly billed net-30 or net-45 even though technician payroll runs biweekly.
One approval, draw what you need, and return for additional funding as your it services & managed service providers business performs. Emergency service calls and after-hours support require staff availability that must be paid for whether or not that work is billed immediately.
Buy the equipment and software a client project needs before that client's invoice is paid.
Keep field technicians and support staff paid on schedule between contract billing cycles.
Take on new managed service clients without waiting on the ramp-up period to generate cash.
Yes, working capital can be used to purchase hardware, licenses or cloud services needed for a client project ahead of that client's payment.
Repayment is a fixed daily or weekly amount sized to your revenue, which fits well alongside recurring managed service revenue rather than requiring a lump-sum payment.
A US-based IT services or MSP business that has operated for at least six months with $10,000 or more in monthly revenue can apply, with a decision typically available quickly.
Paz funds it services & managed service providers from $2,500 to $5,000,000. Most it services & managed service providers qualify for $25,000 - $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.
IT Services & Managed Service Providers funding, approved in as little as 24 hours