Denton is a county seat with two universities and a growing ring of suburbs. Its small businesses see two overlapping cycles: the school year and the building year.
Apply Now →Denton is the county seat of Denton County, with 139,869 residents at the 2020 census, the 20th-most populous city in Texas and the 10th-most populous in the Dallas-Fort Worth metroplex. The county was formed in 1846 and the city was incorporated in 1866. A railroad arrived in 1881, and the University of North Texas was established in 1890 and Texas Woman's University in 1901. Neighbors include Lewisville, Flower Mound, Little Elm, The Colony, Corinth, Highland Village, Trophy Club and Roanoke.
Because of the two universities, a restaurant or shop near campus follows the school year. Because of the suburban ring, a contractor or practice follows building and population growth.
Restaurants buy stock weekly and staff for the term. Summers and breaks cut covers but not rent or insurance. A line lets an owner draw before a term starts to restock and hire, and repay as sales arrive. The danger is carrying a balance through the summer with no plan to cut it.
Construction firms buy materials up front and bill at milestones. Texas Property Code section 28.004 provides that overdue amounts on qualifying improvement contracts accrue interest from the day after the due date at 1-1/2 percent per month. Section 53.052 describes lien affidavits filed with the county clerk, with a non-residential original-contractor deadline of the 15th day of the fourth month after the month work was completed. These are summaries of public statutes, not legal advice. In practice, a late payment is a claim and not cash, and the crew still needs wages.
Healthcare practices have constant payroll and rent, while payments from insurers arrive on a lag. A line can bridge a slow billing month. It is not meant to cover a practice whose volume has dropped for good.
Round numbers, not our terms. A small contractor wins a $50,000 remodel with a payment at completion, and needs $22,000 in materials and wages along the way. It draws in stages, as each material delivery is due. When the customer pays, it repays the draws in full. It would not have wanted to borrow the $22,000 on day one and pay interest on money that sat unused for weeks.
See working capital, equipment financing, term loans, merchant cash advance, same-day funding and bad credit business loans. Local pages: Denton, Denton County and the Metroplex.
With a construction or remodel job, the cleanest approach is to draw against each material delivery and each payroll, not a large amount at the start. That keeps the balance proportional to the work done and makes it simple to see what the job has cost so far. If the balance runs ahead of the work, something is wrong with the estimate.
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. Terms are not published here. Start your application.
The University of North Texas and Texas Woman's University.
Drawing as costs arise avoids carrying money you do not yet need.
Yes. Sole proprietors can apply.
It provides interest on overdue amounts at 1-1/2 percent per month from the day after the due date. Consult an attorney about your contract.
No.
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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