Cotton, peanuts, cattle and oilfield work all share one county on the South Plains. Apply for working capital in five minutes.
Apply Now →Gaines County is in west Texas, bordering New Mexico, with Seminole as its seat. The 2020 census counted 21,598 residents across about 1,500 square miles, with about two-thirds living in rural areas. Seagraves is the other city, Denver City sits mostly in Yoakum County, and Loop is a census-designated place. U.S. 62, 180 and 385 and State Highways 83, 115 and 214 connect them.
The county was organized in 1905, and farming and ranching shaped it from early on, with a railroad passing through Seagraves in 1917 and a Mennonite farming community arriving in 1977. By 2005 it was recorded as Texas's leading county in oil, cotton and peanut production at the same time. Oil production is therefore part of the local mix alongside agriculture, and oilfield service and supply work follows from it.
| Business | Where cash goes out | Where cash comes in |
|---|---|---|
| Cotton and peanut farm | Seed, fuel, chemicals, labor and equipment through the season | One or two large payments after harvest |
| Farm equipment dealer or repair shop | Parts inventory and technicians year round | Busy at planting and harvest, quiet in between |
| Oilfield service and supply | Crew payroll, fuel and equipment every week | Operator invoices paid on their own schedule |
| Main street retail and food | Rent, labor, inventory | Daily sales that follow the farm and oilfield calendars |
Notice how each row has the same shape: money out early, money in late. The only difference is how long the wait is.
The median age was 28.2 years in 2020, and about 35 percent of residents were under 18. Nearly half of households included children. Young families spend on groceries, vehicles, school costs and home repair, and a lot of that spending is local. For a restaurant, a clothing store, a pediatric or family practice, or a home-services business, that is a durable customer base.
It also means households that budget tightly and sometimes pay late. A shop owner who allows a customer thirty days has just lent that customer money, and has to cover payroll in the meantime.
Farm equipment and oilfield equipment have one thing in common: when they stop, the revenue stops. A planter that breaks during planting week, a pump truck that fails on the way to a site, or a welding rig that needs replacing. The cost is not only the repair. It is the days the crew is idle while payroll continues.
Suppose a Seminole welding and fabrication shop supplies parts for oilfield customers, with $120,000 in work invoiced on sixty-day terms, while its payroll, steel purchases and shop rent come due every week. The numbers are invented to show the timing and are not terms we offer or outcomes to expect. The shop is profitable on paper and short on cash in practice, a gap working capital is designed to cover.
The application takes about five minutes. The credit check is a soft pull. Sole proprietors can apply, and funding runs from $25,000 to $5,000,000, with funding in as little as 24 hours. Start now.
Texas businesses across agriculture can apply. Your recent business bank statements show how money moves through the year, which is what the application looks at.
Oilfield vendors commonly look at payroll, equipment and receivables. Your statements will be reviewed with the rest of your application.
Yes. Sole proprietors can apply.
Seasonal patterns are common in agriculture. Working capital can be used to carry the months between spending and payment.
As little as 24 hours after approval.
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
