Growth is the cash-flow problem in this part of Texas: new work pays well, but it asks for payroll, materials and vehicles before the money arrives. Here is how to think about funding it.
Apply Now →We use "Central Texas Corridor" as a working label for a band of counties that includes Bell, Coryell, McLennan, Falls, Milam, Williamson, Bastrop, Hays and Travis. The grouping is general and county membership is approximate, so do not treat it as an official boundary. Austin, the state capital, spills across Travis, Hays and Williamson counties, which is why a single business here can have customers, employees and a lease in three different counties.
Can I take the bigger job? A contractor who wins a larger order has to buy materials and pay crews while waiting on invoices. The job is profitable only if the business can survive the waiting period.
Can I add a second location or truck? Expansion pays back over months, but the deposit, build-out and first inventory are due now.
Can I hire before revenue arrives? Payroll is the one bill that cannot be moved. Working capital is often used to carry new hires until their work shows up in sales.
Construction and trade work runs on invoices that can sit. Texas Property Code section 28.004 provides that overdue amounts accrue interest from the day after the due date at 1-1/2 percent per month, and section 53.052 describes the lien affidavit filed with the county clerk, with a non-residential original-contractor deadline of the 15th day of the fourth month after the month the work was completed. These are summaries of public statutes, not legal advice, and your contract and attorney control. The practical point is that being owed money is a legal position, not cash, and payroll still falls due every two weeks.
None of these is large next to a missed payroll, but they cluster, and a quarter that includes a big material order and a tax date together is where a short gap opens.
Round numbers, not our terms. A small electrical firm wins a job and needs $40,000 of wire, fixtures and wages across six weeks, but the customer pays in week eight. The firm has to find two weeks of float on top of the whole job. Funding that covers that float is a bridge. Funding used to cover jobs that lose money is not.
Funding runs from $25,000 to $5,000,000. Funded in as little as 24 hours is possible once approved. The application is about 5 minutes, and sole proprietors can apply. For a corridor business weighing a large order, apply here and compare the numbers to the job you are chasing.
No. It is a general label for a band of central counties that includes Bell, McLennan, Williamson and Travis, and membership is approximate. Applications are not limited by it.
Texas Property Code section 28.004 states 1-1/2 percent per month from the day after the due date for qualifying overdue amounts. Ask an attorney how it applies to a specific contract.
May 15 each year, or the next business day if it falls on a weekend or holiday.
Many owners do use working capital to carry payroll until new work pays. It works best when you can name where the added revenue will come from.
Often yes, since Austin extends across Travis, Hays and Williamson counties. You can apply regardless of which county you list.
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
