An industrial South Bay city
Torrance sits in southwestern Los Angeles County, bordering Redondo Beach, Gardena, Lomita, Palos Verdes Estates and the Harbor City and Harbor Gateway neighborhoods of Los Angeles. It is home to the U.S. headquarters of Honda and its Acura division. Robinson Helicopters are designed and built here, as are Honeywell's Garrett turbochargers. Alcoa Fastening Systems makes aerospace fasteners in Torrance, and Pacific Sales, Pelican Products, Virco and Rapiscan Systems are also based in the city. On the retail side, the Del Amo Fashion Center is one of the ten largest malls in the United States by gross leasable area.
Three Torrance cash cycles
Precision manufacturing and machining
Shops that supply aerospace and automotive customers buy certified material, run long setups and pass inspections before invoicing. Payment comes on the customer's terms, often weeks after delivery.
Automotive service and parts
Independent repair shops, parts distributors and specialty auto businesses keep stock on the shelf and diagnostic equipment current. Inventory ties up cash, and equipment upgrades come in lumps.
Retail and restaurants
Stores and eateries in and around the big retail centers live by seasons and foot traffic. Holiday stock, staffing and build-outs are paid for well before the busy weeks.
A parts-distributor example, for illustration
A Torrance auto parts distributor gets the chance to buy a large lot of fast-moving parts at a volume discount. The buy is about $80,000, and the parts sell to local repair shops over the next couple of months. Working capital makes the purchase possible, and repayment comes from those sales. This is an illustration only; it does not represent our terms, pricing or typical outcomes.
Questions to answer before you request
- What specific order, season or purchase is this money for?
- When does the cash from it come back, and from whom?
- Can your normal deposits cover rent and payroll during repayment?
Clear answers make it easier to request the right amount, not the largest one.
Applying from Torrance
We fund $25,000 to $5,000,000. Send about three months of business bank statements with a 5-minute application; it uses a soft credit pull and no tax returns are required. FICO 500+ is considered, sole proprietors can apply, and approved files can be funded in as little as 24 hours. Browse other products on Torrance business funding, or apply now.