The Panhandle is a square of open country on the Oklahoma and New Mexico lines, and the South Plains stretch below it. A line of credit helps owners there carry the long gaps between work and payment.
Apply Now →The Texas Panhandle consists of the state's northernmost 26 counties. It is square in shape, bordered by New Mexico to the west and Oklahoma to the north and east. The western border was set at the 103rd meridian by the Compromise of 1850. Our grouping adds the South Plains and lists 40 counties in all, from Potter, Randall and Lubbock to Dallam, Deaf Smith, Hale, Hockley, Lamb and Yoakum.
With that many counties and so much open ground, distance is part of the business model. A rural supply store may be the only one for a long drive. A repair shop may drive to every job.
Buys heavily ahead of a season and sells through it. A draw covers the buying; sales repay it.
Fuel, parts and technician wages go out daily. Customers pay later. A small standing line smooths that.
A slow month needs rent and utilities covered while a few larger sales arrive. A modest draw bridges them.
The last item is a useful discipline. It tells you whether you need a line or simply a plan.
| Month | Sales | Costs | Result |
|---|---|---|---|
| Slow month | $22,000 | $30,000 | $8,000 short |
| Busy month | $45,000 | $33,000 | $12,000 ahead |
A draw of about $8,000 in the slow month, repaid from the busy one, shows a line doing its job. These numbers are illustrative only and are not our terms.
Open country means exposure. A hailstorm on a delivery route, a long wet spell that keeps a crew idle, a fuel price jump on a route that cannot be shortened: none of these appear in a forecast, and each can create a gap that lasts a few weeks. Treat part of your limit as insurance against them, and be honest about how much of it you are willing to use. A line that is already open is easier to rely on than a plan to arrange one in the middle of a bad month.
Funding runs from $25,000 to $5,000,000 and can be funded in as little as 24 hours once approved. The application takes about 5 minutes and uses a soft credit pull. Sole proprietors can apply. Apply now.
This page makes no claim that it is. Texas businesses can apply from anywhere in the state.
The Panhandle is the state's northernmost 26 counties; our grouping also includes the South Plains for 40 counties in total.
Yes, if its cash timing is uneven. Funding runs from $25,000 to $5,000,000.
Funding runs from $25,000 to $5,000,000. The amount for any business is set on the application.
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
