In Dallas, three kinds of business share a problem: they pay people before they get paid. Staffing agencies, real estate services and IT firms each hit the gap differently.
Apply Now →Dallas anchors the Dallas-Fort Worth metroplex, the most populous metropolitan area in Texas. The city had 1.3 million residents at the 2020 census. In a market that size, service firms that sell people's time all face the same structure: wages go out every week or two, while customers pay on 30, 45 or 60-day terms. The difference between the two is float, and the float has to be financed by someone.
A staffing agency places workers and pays them weekly, then bills the client and waits. Growth makes the problem worse: every new placement adds payroll before it adds cash. A line sized to a few weeks of payroll can keep an agency from turning down business because it cannot fund the first paycheck.
For illustration, with round numbers and not our terms: an agency with $60,000 in weekly payroll and clients paying in 45 days is carrying roughly six weeks of wages between the work and the payment. The draw is repaid as the client pays.
A real estate services business, such as an appraiser, inspector, property manager or brokerage support firm, can see income arrive in lumps at closing while costs are monthly. A closing that slips by two weeks can push a payroll into a draw. A line can cover the timing without borrowing a larger amount than needed.
An IT services firm pays engineers and licenses monthly and bills clients monthly or per project. A client that disputes an invoice can hold back thousands. Draws bridge disputed or late invoices, while the firm works the dispute.
| Business | Out first | In last | Draw repaid by |
|---|---|---|---|
| Staffing | Weekly wages | Client payment, 30 to 60 days | The client invoice |
| Real estate services | Monthly costs | Closing proceeds | The closing |
| IT services | Salaries, licenses | Project or retainer billings | The invoice |
In each case the repayment source is identifiable. If you cannot name it, do not draw.
For single purchases, see equipment financing or term loans. For timing needs, see working capital and same-day funding, or merchant cash advance. Local pages: Dallas County and the Metroplex.
In a service business, one large client can be a third of revenue. If that client pays late, the float problem becomes a survival problem. When you decide how large a reserve to hold, add the question of how long you could carry your biggest client's unpaid invoice. If the answer is only a couple of weeks, the reserve may be too small.
Funding runs from $25,000 to $5,000,000, funded in as little as 24 hours once approved. The application takes about 5 minutes and sole proprietors can apply, including independent consultants and one-person agencies. Terms are not published here. Start your application.
The time between paying employees and being paid by the customer for their work.
Each new placement adds a payroll obligation before it adds client payment.
Yes. Sole proprietors can apply.
A client invoice or closing you can name, with a date you expect payment.
They are determined on the application and not published here.
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.
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