Longview and Kilgore sit on the East Texas Oil Field. For service companies and shops, the work is paid for long before the invoice is. Apply in five minutes.
Apply Now →Gregg County is in eastern Texas, organized in 1873, with Longview as its county seat. It is part of the Longview metropolitan area and the Longview-Marshall combined area, and the 2020 census counted 124,239 residents on about 274 square miles, which is a compact county. Oil was discovered near Joinerville, between Henderson and Kilgore, in October 1930, and soon afterwards within the county itself near Pine Tree and East Mountain. By 1940 the county's population had grown by more than 500 percent. Growth settled down afterwards, but the East Texas Oil Field, which extends into five counties, has stayed important to the area.
The businesses around an oil field are mostly not the operators. They are the welding shops, the trucking firms, the rental yards, the parts counters and the small crews that do a job for a larger company and then send an invoice. Their cash problem is rarely demand. It is timing.
This is a common arrangement across field services, and it explains why a profitable shop can still be short of cash on a Friday.
| Pressure | How it shows up | What working capital addresses |
|---|---|---|
| Payroll | Crews are paid weekly regardless of when the customer pays | Carrying wages until receivables arrive |
| Equipment | A pump, truck or trailer fails during a busy stretch | Repair or replacement without turning away work |
| Receivables | Large customers pay on long terms | Bridging the weeks between invoice and deposit |
| Insurance and taxes | Renewals and quarterly wage reports come due on fixed dates | A buffer for fixed obligations |
Texas quarterly unemployment wage reports and taxes are due by the last day of the month after each quarter ends. For a business with a crew, that date can arrive before the customer's check does.
When operators pull back, they pay the same slower invoices, order fewer jobs and ask for lower prices. A vendor who has no cushion feels it before anyone. The point of working capital in an industry like this is not to chase growth, but to be able to keep a good crew together while the market gets back to normal.
Not every business in Gregg County is tied to oil. Longview and Kilgore also support retail, restaurants, medical offices and trades. The same principle applies: costs come first and revenue comes later.
Picture a small trucking and equipment rental yard whose largest customer pays on long terms. A $50,000 repair on a key truck lands during a busy month. For illustration only, the invoices are all outstanding, and payroll is due Friday. These are invented numbers to show timing, not terms we offer or results to expect. The shop can pause the truck and lose the work, or find short-term capital to repair it and keep earning.
The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply. Funding runs from $25,000 to $5,000,000, and funds can arrive in as little as 24 hours. Start your application.
Oilfield vendors commonly look at payroll, equipment and receivables. Describe your business and how your customers pay in the application.
Long customer terms are normal in field services. Explain when you expect payment on your current invoices.
Yes. Any Texas business can apply, including retail, restaurants, medical offices and trades.
Sole proprietors can apply.
As little as 24 hours.
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
