When customers pay late, your own bills still arrive on time, and credit takes the hit. Apply in five minutes; funding can arrive in as little as 24 hours.
Apply Now →Grand Prairie spans Dallas, Tarrant and Ellis counties, with a small part reaching into Johnson County. It is part of the Mid-Cities region of the metroplex and was the 15th-most populous city in Texas at the 2020 census, with 196,100 residents. Dallas, Irving, Garland, Mesquite, Carrollton, Richardson, Rowlett and DeSoto are close by.
Many owners here work on invoices: trades, healthcare practices, service firms and wholesalers. When a customer pays at day 60 instead of day 30, the owner does not get a matching extension from the vendor, the landlord or the payroll provider. The credit report often records the owner's lateness and never the customer's.
For construction work, the Texas Property Code says overdue amounts accrue interest from the day after the due date at 1-1/2 percent per month (Prop. Code 28.004). A lien affidavit is filed with the county clerk, and for a non-residential original contractor the deadline is the 15th day of the fourth month after the month the work was completed (Prop. Code 53.052). This is general information, not legal advice, so confirm your own deadlines with a professional.
The point for cash flow is that the law gives a contractor tools to chase payment, and chasing takes weeks. The bills do not wait.
| Month | What happens |
|---|---|
| 1 | A contractor finishes a $25,000 job, invoices, and pays crew and materials of $18,000 |
| 2 | Customer does not pay. Next job needs another round of materials |
| 3 | Owner uses a card for supplies and delays a vendor payment |
| 4 | Customer pays in full. Card balance and late vendor mark remain on the report |
Round, invented numbers, not our terms or a typical result. The business was paid in the end. The credit file keeps the middle of the story.
Know the invoice amounts that are outstanding and how old each one is. Know how many weeks your slowest customer takes to pay. Know what you owe vendors and when. With those three facts, you can size a request to the gap rather than guessing, and you can explain the late marks on your report as the result of specific late invoices.
Trade-specific pages cover construction, restaurants, healthcare and retail. For products, compare working capital, equipment financing, merchant cash advances and term loans. For urgent gaps, read about faster funding.
When you apply, the form takes five minutes and uses a soft credit pull. Sole proprietors can apply.
Yes. Unpaid receivables are one of the most common reasons owners seek working capital. Describe the amounts and timing.
No. Funding covers the gap while you pursue payment. Keep chasing the invoice.
For an original contractor, the 15th day of the fourth month after the month the work was completed. This is not legal advice.
No. It uses a soft credit pull.
From $25,000 to $5,000,000.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
