Working Capital for Limousine & Black Car Services
Limousine and black car companies carry the cost of a premium fleet, professional chauffeurs and corporate account billing that often lags actual rides. Working capital covers vehicle upkeep and payroll between billing cycles.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so limousine & black car services never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Corporate accounts and event bookings are frequently invoiced on 30 day terms while chauffeurs and vehicle costs are due every pay period.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Luxury vehicle maintenance, detailing and insurance run high and cannot be deferred without hurting the client experience.
One approval, draw what you need, and return for additional funding as your limousine & black car services business performs. Wedding and event season brings a rush of bookings that requires more drivers and vehicles on the road before deposits fully cover the cost.
Keep the fleet in showroom condition for corporate and event clients.
Bring on chauffeurs and support staff ahead of wedding and event season.
Cover operating costs while waiting on corporate account billing cycles.
Yes, that is one of the most common uses. Working capital fills the gap between when a ride is completed and when a corporate account actually pays its invoice.
No. Funding is a purchase of your future receivables, not a loan secured by your fleet, so your vehicles are never pledged as collateral.
Most limousine and black car businesses qualify for $20,000 to $175,000, based on monthly revenue and time in business, with funding available from $2,500 up to $5,000,000.
Paz funds limousine & black car services from $2,500 to $5,000,000. Most limousine & black car services qualify for $20,000 - $175,000, 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.
Limousine & Black Car Services funding, approved in as little as 24 hours