Draws come after the work is done and the crew is paid every week. Denton contractors can plan working capital around that order of events.
Apply Now →Denton is the county seat of Denton County and had a population of 139,869 at the 2020 census, making it the 20th-most populous city in Texas and the 10th-most populous in the Dallas-Fort Worth metroplex. The county itself counted 906,422 residents. Two universities, the University of North Texas (established 1890) and Texas Woman's University (1901), give the city a large institutional and student population.
For a contractor, a city this size means a mix of clients: homeowners, landlords, retail owners, institutions. Each pays differently, and so a contractor can be in the black on paper and low on cash at the same time.
| Client type | How they pay | What it means for cash |
|---|---|---|
| Homeowner | Deposit then milestones or completion | Short cycles; deposits matter |
| Commercial owner or landlord | Draws after inspection | Longer wait; materials come first |
| General contractor (if you are a sub) | After the GC is paid | Two-party wait; hardest to predict |
None of these can wait for a draw. A simple rule is to map each open job to the date of its next expected payment and ask what must be paid before that date.
Under Texas Property Code section 28.004, overdue amounts accrue interest from the day after the due date at 1-1/2 percent per month, and under section 53.052 a lien affidavit is 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. This is background only, not legal advice, and a lawyer can say how it applies to a specific job. These tools exist because late payment happens, and they do not make payroll arrive any sooner.
Imagine a contractor who finishes a $50,000 phase and submits a draw. Payroll and materials for the next phase total $22,000 in the same two weeks, while the draw is under review. The bridge needed is closer to $22,000 than $50,000. The numbers are invented for the example. They are not our terms or typical outcomes.
More on the area: Denton business funding, Denton County, the Metroplex. Nearby industries: restaurants and healthcare practices.
Yes, that is a common use. Size the request to the weeks between payroll and the expected payment.
Institutional clients often pay through formal approval steps. Ask about their process before you commit materials.
They depend on the type of project and your role. For one non-residential original contractor rule, the deadline is the 15th day of the fourth month after the month work was completed. Ask an attorney about your situation.
Yes. Sole proprietors can apply and the application takes about five minutes.
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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