Funding for Glenn Heights, TX Businesses

Glenn Heights, Texas: working capital across a county line

Glenn Heights straddles Dallas and Ellis counties on the south side of the metroplex. Apply in five minutes; funding can arrive in as little as 24 hours.

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A city split between two counties

Glenn Heights lies in both Dallas and Ellis counties. Its population grew from 11,278 at the 2010 census to 15,819 in 2020. Dallas, Irving, Garland, Grand Prairie, Mesquite, Carrollton, Richardson and Rowlett are all in the same metro area.

A business on a county line often serves customers from both sides, and can find itself competing with firms in the larger cities nearby. Local trades, shops and services in a growing suburb like this usually win work on reliability and price, and neither leaves much room to absorb a late payment.

A suburb-sized checklist for the first year of a hire

Growth in the 2010s means many local businesses are young. One of the biggest steps for a young business is its first employees, and it is worth planning the cash for it in advance.

  • Payroll taxes and unemployment reports: Texas wage reports and taxes are due by the last day of the month after each quarter ends.
  • Workers' compensation: private Texas employers can choose to carry it, and not required in most cases, so check with your insurer and any clients that require it.
  • Equipment and vehicles for the new person.
  • Training time when the employee is not yet billable.

Cash needs by business type

BusinessWhere the first dollars goWhat delays the return
Home-services contractorTruck, tools, materialsCustomers pay on completion or terms
Neighborhood restaurant or cafeEquipment and staffingTraffic builds slowly
Specialty retail or boutiqueInventory and leaseSeasonal demand
Delivery and logisticsVehicle, insurance, fuelInvoices to business customers

Illustration: a first employee and a second vehicle

For illustration only, not our terms: a home-services contractor adds a $30,000 vehicle and an employee costing about $4,500 a month all-in. Revenue from the added capacity builds over several months.

For the first two or three months the business is paying for capacity it has not yet filled. If the owner already has a waiting list of jobs, that period is short. If not, the owner may want to build demand first.

Pricing a hire honestly

The cost of an employee is more than the wage. Add payroll taxes, insurance, equipment, vehicle costs and the time you spend training. Many owners find that the true cost is noticeably higher than the pay rate suggests. Building that number first, and comparing it to the revenue the new person can realistically add, is the best protection against hiring ahead of demand.

Apply from Glenn Heights

Texas Biz Funding provides $25,000 to $5,000,000, funded in as little as 24 hours. The application takes about five minutes with a soft credit pull, and sole proprietors can apply. See Dallas County and the Dallas-Fort Worth metroplex, or Apply in about five minutes.

Common Questions

Which counties is Glenn Heights in?

Dallas and Ellis counties.

Is workers' compensation required in Texas?

Private Texas employers can choose to carry it, and it is not required in most cases. Check your own situation.

Can a young business apply?

Sole proprietors and newer firms can apply.

Is the credit check hard?

No, it is a soft credit pull.

How quickly can funding arrive?

In as little as 24 hours.

Related Funding Pages

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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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