Working Capital for Plastics & Rubber Manufacturing
Plastics and rubber manufacturers pay for resin, compounds and tooling well before finished parts ship and customers pay on invoiced terms. Working capital covers raw material buys and production costs between orders.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so plastics & rubber manufacturing never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Resin, rubber compound and tooling costs are due up front while manufacturing customers typically pay on 30 to 60 day invoice terms.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Injection molding and extrusion equipment require significant maintenance and occasional replacement to keep production running without unplanned downtime.
One approval, draw what you need, and return for additional funding as your plastics & rubber manufacturing business performs. Large custom orders often require new tooling or dies to be built before the first part can even be produced and invoiced.
Buy resin, rubber compound and other raw materials ahead of production runs.
Maintain and upgrade the equipment that keeps production lines running.
Bridge the gap between production costs and customer invoice payment.
Yes, funds can be used for tooling, raw materials, equipment or any other production cost tied to fulfilling a large order.
Repayment is fixed and automatic, daily or weekly, sized around your typical revenue rather than requiring a lump sum on a fixed date.
A US-based manufacturer operating for at least six months with $10,000 or more in monthly revenue can apply, with no requirement to pledge equipment as collateral.
Paz funds plastics & rubber manufacturing from $2,500 to $5,000,000. Most plastics & rubber 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.
Plastics & Rubber Manufacturing funding, approved in as little as 24 hours