Texas City is a deepwater Gulf Coast port and an industrial center on Galveston Bay. Port, marine and coastal firms plan their year around hurricane season.
Apply Now →Texas City is in Galveston County and is a suburb of the city of Galveston. It sits on the southwest shoreline of Galveston Bay and is described by Wikipedia as a deepwater port on the Gulf Coast and a petroleum refining and petrochemical manufacturing center. The 2020 census counted 51,898 residents, making it the third-largest city in the county behind League City and Galveston. It is part of the Houston-Galveston metropolitan area.
The Atlantic hurricane season runs from June 1 to November 30. For a coastal business, that is not an abstraction. Preparation costs money, and a storm that shuts a week of business costs more. Even a storm that misses can cost a few days of sales and a round of precautions.
| Phase | Typical cash effect |
|---|---|
| Before a storm | Boarding up, moving stock, extra supplies |
| During a closure | No sales, fixed costs continue |
| After a storm | Repairs, deductibles, restocking |
| Recovery | Slow customer return |
The Texas Windstorm Insurance Association is a not-for-profit insurer of windstorm and hail coverage for property owners who cannot get it in the regular market. Owners who rely on that coverage still face deductibles and the wait for claims to be paid. A business that pays for repairs up front and waits for reimbursement is financing the gap, which is exactly where a credit dent comes from.
One workable habit for coastal owners is a storm reserve. Add up a week of fixed costs, multiply by two or three, and treat that as the minimum cash to hold before June. For illustration only, a firm with $9,000 of weekly fixed costs would want $18,000 to $27,000 in reserve. Owners who cannot build that reserve from ordinary profits sometimes seek funding for it. A request that explains this plainly, with the storm calendar as the reason, is easy to read.
Funding runs from $25,000 to $5,000,000. The application takes about five minutes and starts with a soft credit pull. Funds can arrive in as little as 24 hours. Sole proprietors can apply. In your request, explain how storm or season timing fed the credit history, and size the amount to a defined need.
More: Texas City overview, Galveston County, Greater Houston. Or apply here.
Yes. Describe it as a dated event and say what has changed.
No. The application starts with a soft credit pull and takes about five minutes.
Sole proprietors can apply. Funding runs from $25,000 to $5,000,000.
As little as 24 hours.
Working capital is a common use. Explain the need and size the amount to it.
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
