Technology
Working capital for
technology companies.
Carry enterprise invoices through procurement, staff an implementation before it bills, and keep engineering payroll on its own schedule. Working capital up to $5M, sized to the revenue already arriving in your account.
- Up to $5M
- No hard credit check
- Same-day decisions
- All 50 states
Funding technology
How PIRS funds technology.
A technology business reads smooth on the dashboard and lumpy in the bank account. The enterprise deal closes in March, delivery starts the same week, procurement issues the PO in April, the invoice goes out on net-60, and the money lands in June. Engineering payroll runs on the 15th and the 30th the entire time, and your contract developers invoice monthly whether or not your customer has.
Implementation widens that gap rather than closing it. Onboarding, data migration, integration work, and a solutions engineer assigned to the account are all spent before the customer is live and before a dollar of the contract is collectible. The larger the logo, the longer the stretch between signature and cash.
Recurring revenue disguises all of this. Annual prepayments, monthly subscriptions, usage overages, and services milestones arrive on four different rhythms, so a strong quarter can still hold a thin month. PIRS reads the deposits actually arriving in your operating account across several months rather than a single one, and remittance is a small agreed share of ongoing revenue — so a slow collection month lands softer than a fixed installment would.
The work happens on your calendar. The money arrives on your customer's. Working capital covers the distance between the two.
Common use cases
What technology companies actually use working capital for.
Drawn from real PIRS-funded files across the category.
Carrying an enterprise invoice through procurement
The contract is signed and the work is delivered; AP and procurement still take 45 to 90 days. Cover the interval without slowing the roadmap.
Implementation and onboarding before go-live
Migration, integration, and a dedicated solutions engineer are spent months ahead of the first collectible invoice on the account.
Engineering and contractor payroll between payments
Keep salaried engineers and contract developers paid on their cycle rather than on your customer's collection cycle.
Staffing a signed statement of work
Bring on the delivery team before the engagement bills, so the customer's day one is your day one instead of your day sixty.
Infrastructure, licensing, and security spend
Cloud capacity, per-seat licensing, and SOC 2 or penetration-testing work that scale with the account you just signed and land well before it renews.
Evening out lumpy recurring revenue
Annual prepayments and monthly subscriptions don't arrive on one rhythm. Working capital flattens the trough between them.
Why PIRS
Why technology companies choose PIRS.
Underwriting tuned to how your category actually earns, not a generic credit box.
Underwritten on deposits, not projections
We read the revenue that has already landed in your operating account. No ARR model, no board deck, no pipeline forecast to defend.
Remittance moves with revenue
A small agreed share of ongoing revenue rather than a fixed monthly installment, so a slow collection month doesn't hit like a missed payment.
Bank statements only
Most files approve without tax returns or full financial packages. Bank statements alone are usually enough.
Same-day soft offers
A signed engagement has a start date. A same-day decision means the delivery plan isn't waiting on a credit committee.
When it may not fit
When working capital is the wrong tool for technology companies.
The rest of this page makes the case for working capital. This section is the part that argues against it. If a different product fits your situation better, it costs less to find that out here than after you sign.
You're funding a long-lived investment
A building, a multi-year capital asset, an acquisition whose payoff plays out over a decade — that is what a term loan is built for. Spreading a long-lived cost across a matching multi-year term at a lower rate is usually the more economical tool, and if you have the credit profile and the time to wait on bank underwriting, take it. A working-capital advance is priced for speed and short duration; on a ten-year asset you are paying for flexibility the purchase doesn't need.
The gap is structural, not timing
Working capital solves timing problems, not structural ones. If the shortfall is an unprofitable product line, a churn problem, or a cost base your gross margin no longer supports, funding it moves the problem one quarter forward and makes it larger. Fix the structure first.
You're pre-revenue or venture-stage
This structure sizes to revenue already moving through your bank account. A company living on an equity round rather than customer receipts has nothing for it to read, which is why our base qualifications start at three or more years in operation and $500K+ in annual revenue. Equity or venture debt is the instrument for that stage.
You already have advances outstanding
Stacking a second or third advance against the same deposits compounds the remittance burden and is a leading cause of distress. If you are servicing one now, finishing it before taking another is usually the right answer, and we would rather say so than write the deal.
Before you sign anything, run the test: total cost of the capital against what the capital will actually produce over the same period. A confident yes means this is a good tool. A maybe means slow down — and say so on the call. A funder who won't talk you out of the wrong deal isn't worth the relationship.
If you want the side-by-side, we wrote it out: working capital vs. a term loan, and whether working capital is right for your business.
PIRS Capital's product is legally a purchase of future receivables at a discount, not a loan. All offers subject to underwriting, qualification, and verification.
What we need from you
What PIRS needs to evaluate an application.
No hard credit check to apply. The list below is what underwriting reads on an ordinary file.
Three to six months of business bank statements
Complete statements from your primary operating account, all pages as the bank issued them. This is the centerpiece: it shows what revenue arrives and how consistently.
A government-issued photo ID
A driver's license or passport for each owner listed on the application. Standard identity verification, and a common source of avoidable delay when a document has expired.
Your business tax ID (EIN)
Ties the application to the legal entity. Use the exact legal name on your state registration and note any DBA separately.
The application itself
Entity name, time in business, industry, approximate monthly revenue, ownership, and the amount you're seeking. Minutes, not a data room.
Most files approve without tax returns or full financial packages. Larger or more complex files may draw additional requests — a voided check at the funding stage, for instance. Every file is individually underwritten, and nothing here guarantees an approval.
Base qualifications are three or more years in operation, $500K+ in annual revenue, and a 500+ FICO for the principal. Close but not exactly there? Apply anyway — we review every file holistically.
A note on eligibility
A few sub-segments aren't eligible.
We say no up front. It saves everyone time.
- Casino and gambling operators are not eligible.
- Real-estate brokerages and investment-focused entities are not eligible.
- Pre-revenue and venture-stage companies do not meet the base qualifications of 3+ years in operation and $500K+ in annual revenue.
Questions we hear most
Technology: what operators ask first.
What cash-flow problem do technology companies most commonly face?
When does working capital fit a technology company?
When is working capital not the right fit for a technology company?
What does PIRS need to evaluate a technology company's application?
Which technology companies qualify for working capital?
How fast can a technology company get funded?
Adjacent verticals
Other industries we fund.
Many operators run businesses that straddle categories. Here are a few we underwrite alongside this one.
- BBB A+ Accredited
- Trustpilot
Working capital built for technology.
Apply in minutes for a soft offer with no hard credit check. A real person works your technology file from start to finish.