Plainview and the irrigated South Plains along Interstate 27. Working capital for Hale County farms, shops and suppliers that wait on the season.
Apply Now →Hale County was created in 1876 and organized in 1888, with Plainview as its county seat, and today it forms the Plainview micropolitan area. The 2020 census counted 32,522 residents across about 1,005 square miles. Farming and ranching took hold early: the first motor-driven irrigation well was drilled in 1914, and a land company was organized in Plainview in 1912 to divide a large tract into individual farms. Oil was discovered in the nearby Anton-Irish field in 1946. In 1969, country artist Jimmy Dean and relatives opened a sausage company and a meat company in the county.
That is a compact history of a flat county where agriculture, a few large processors and a service economy have always had to share the same labor and the same roads.
Interstate 27, which carries U.S. Highway 87, passes through the county, with U.S. Highway 70, State Highway 194 and Loop 369 joining it. Besides Plainview, the cities of Abernathy (partly in Lubbock County), Hale Center and Petersburg are here, along with the town of Edmonson and communities such as Cotton Center. The Santa Fe Railway reached Plainview in 1906, and Wayland Baptist College was founded the same year.
Wayland, now a university, is part of the same story: a campus and its students generate a steady customer base for food, copy, housing and repair services, with a rhythm tied to the academic year.
| Season | Who spends | Who waits |
|---|---|---|
| Winter and early spring | Growers buy seed and inputs; dealers stock parts | Dealers and suppliers, until harvest |
| Planting | Equipment is repaired, fuel is bought, labor is hired | Repair shops, fuel and trucking businesses |
| Summer | Irrigation, upkeep, insurance | Everyone, as the crop matures |
| Harvest | Labor, hauling, storage | Haulers and processors waiting on settlement checks |
Anyone in that chain, from the implement dealer to the diner in town, carries someone else's float for part of the year.
An implement dealer or a repair shop cannot tell a customer in July to wait until October for a part. It has to stock the part, pay the supplier and wait for the customer. A cafe sells to the same farmers on a handshake, and when the crop comes in light, the cafe feels it too. Working capital in this setting is a bridge between the stocking date and the settlement date, and the size of the bridge depends on the length of the season.
Texas also expects some bills on fixed dates, whatever the weather. Quarterly unemployment wage reports and taxes are due by the end of the month after each quarter ends, and the annual franchise tax report is due May 15.
Suppose an implement dealer wants to carry an extra $75,000 of parts and tires before spring planting, because breakdowns during planting cost customers more than the part. For illustration only, the invoices from suppliers come due in thirty days while customer payments come after harvest. These numbers are invented to show timing, not terms we offer. The question is whether the dealer can stock deep enough to keep customers from going to the next town.
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. Apply now.
Any Texas business can apply regardless of which Hale County community it is in.
Texas businesses across agriculture and farm supply can apply. Describe what the funds are for and when you expect to be paid.
Seasonal patterns are common in agriculture. Size the request to the months you need to cover and say when payment is expected.
Yes. 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
