From cannery town to production hub
For much of the early twentieth century, Hayward's economy ran largely on the Hunt Brothers Cannery, which started by packing local cherries, peaches and apricots before tomatoes became its mainstay. That production habit never left. Hayward still has a large number of manufacturing companies, from corporate headquarters to plants, including Annabelle Candy, Columbus Salame, the Shasta soft drink company and a PepsiCo production and distribution center. Some high-tech firms operate here too, and the city is considered part of northern Silicon Valley.
With 162,954 residents at the 2020 census, Hayward is the third-largest city in Alameda County, and Southland Mall is its largest shopping center. That gives the city a second layer of businesses that sell directly to the public every day.
Good fits
- Retail and food service around Southland Mall and the neighborhoods, where card receipts arrive daily and a sales-based remittance follows the business up and down.
- Auto repair, tire and body shops that need a lift, a paint booth or a parts order now and have steady weekly deposits.
- Small food producers selling direct through farmers markets, online stores or their own counter, with frequent smaller deposits.
Weaker fits, or fits that need care
- Co-packers and suppliers paid on long net terms by large plants or distributors. Deposits may arrive in a few big chunks, so a fixed daily remittance can drain the account between payments.
- Contractors with one big project receivable and little else coming in. The advance may be sized to deposits that are about to stop.
- Any business already carrying several daily remittances. Adding another rarely solves the underlying cash gap.
None of these rule you out, but they are reasons to model carefully, choose a smaller amount, or look at other options on the Hayward business funding page.
A quick example
For illustration only: a Hayward taqueria with about $45,000 in monthly card deposits needs $30,000 for a new hood system after an inspection. Paying from operating cash would leave nothing for two payrolls. An advance lets the work happen now, with remittances taken from daily sales. On a slow rainy week, a percentage-based remittance takes less; that flexibility is the main reason to choose this product over a fixed installment.
What we need
About three months of business bank statements and a 5-minute application with a soft credit pull. FICO 500+ is considered, no tax returns are required, and sole proprietors can apply. Requests run from $25,000 to $5,000,000, funded in as little as 24 hours. Apply here.