Bonham is the Fannin County seat in the Texoma part of North Texas, with a farm-and-trade customer base. Apply in five minutes; funding can arrive in as little as 24 hours.
Apply Now →Bonham is a city and the county seat of Fannin County. The 2020 census counted 10,408 residents. The city is named for James Bonham, who sought help from James Fannin at the Battle of the Alamo, and the county carries Fannin's name. Bonham is part of the Texoma region, which spans northern Texas and southern Oklahoma, so local businesses sit near a state line and often draw customers from both sides of it.
It buys stock on supplier terms and sells on open account. A good month on the sales sheet can still leave the register thin, because customers pay when their own income arrives.
Materials and a crew are paid every week. The homeowner or business pays when the work passes inspection. Texas law sets interest on overdue construction payments at one and a half percent a month, but that does not help in the week payroll falls due.
Food orders and wages are weekly. Sales are daily and weather-dependent. One slow week can undo a month of margin.
In a county with few large employers and long drives between towns, businesses can rarely lean on a second, nearby customer base when the first one slows down. A farm-supply owner cannot easily replace a ranch account that is paying late with a new one a few minutes away. A contractor who waits on a job often cannot start another without paying for materials first.
That is why small-town owners tend to describe cash flow in plain terms: what is owed to me, what I owe, and what comes first.
| Owed to the business | Owed by the business |
|---|---|
| Three customer accounts, due next month | Payroll this Friday |
| One invoice awaiting sign-off | Supplier invoice due in ten days |
| Seasonal settlement from farm customers | Insurance and truck payment |
The columns add up, but not on the same days. A working-capital decision is mostly about the days. For more on the area, see the Fannin County page and the North Texas and Red River page.
Ask a feed dealer or a tire shop when business is good and the answer is usually tied to the farm year, not the calendar year. Planting, haying and cattle sales all produce bursts of spending, and the weeks in between produce charge accounts. A small shop can be owed a healthy sum by good customers and still be unable to pay its own supplier by Friday.
Owners who plan well keep two lists: the weeks when money is expected, and the weeks when large bills are due. When the lists do not match, the gap is what working capital is for. The shorter and more specific the gap, the better the decision.
Not for the application. It is based on your business. Many Texoma owners serve customers on both sides of the line.
Yes. Sole proprietors can apply.
Typically to cover payroll, stock or equipment while customer payments catch up. Naming the specific bill makes the decision clearer.
Between $25,000 and $5,000,000. The application takes about five minutes, and funding can arrive in as little as 24 hours.
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.
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