Big Spring sits where U.S. 87 meets Interstate 20, in the Permian Basin. When payroll and equipment bills come due before receivables, working capital can bridge it.
Apply Now →The Permian Basin is the highest-producing oil field in the United States, averaging 4.2 million barrels of crude per day in 2019, and it stretches across West Texas and far southeastern New Mexico. Howard County is one of the counties grouped in the basin region, with Big Spring as its seat at the crossroads of U.S. Highway 87 and Interstate 20. The county had 34,860 residents at the 2020 census, and Coahoma and Forsan are its other incorporated towns.
This page is about the business-side mechanics, not about commodity prices or drilling activity. Shops that support field operations, such as welding, trucking, hot-shot hauling, rental, safety and maintenance, mostly face three recurring cash problems.
Crew wages are weekly or biweekly, and field employees are not willing to wait on your customer's accounting department. An owner with twelve employees may be carrying $30,000 or more per pay cycle (illustrative) while an operator takes its time to approve and pay a job ticket.
Trucks, trailers, pumps and tools in oilfield-adjacent work get heavy use. A single breakdown can idle a revenue-producing unit. Replacing or repairing it is rarely optional, and rarely scheduled.
Larger customers may pay on thirty-, forty-five- or sixty-day terms. For illustration only: a $60,000 job invoiced on the last day of the month and paid 45 days later means roughly a month and a half of wages, fuel and insurance that the owner has already covered. If three of those jobs stack up, the cash pressure is serious even though the books show profit.
These are not signs of poor management. They are how contract work is paid.
Big Spring also has the ordinary base of a county seat: restaurants, auto shops, clinics, retailers and contractors. Their cycles are steadier, but they feel the ripple when field employers cut back or delay payments.
List every cost you will pay before the next big invoice is collected: payroll, fuel, insurance, lease or rent, parts, and any scheduled equipment payments. Then list the invoices outstanding and the dates you expect each to be paid. Plot them week by week. The deepest point of the line is the cash you need to bridge, and anything beyond it is a cushion you may or may not want.
Many owners are surprised by how soon the deepest point arrives, which is usually right after payroll and right before the customer pays. Working capital works best when sized to that point rather than to an overall wish for more cash.
We do not describe drilling activity, rig counts or commodity prices, and we cannot predict how a particular customer will pay. The page covers the cash-flow mechanics that apply to any business that is paid after the work is done, which is a large share of industrial and field-service contracting.
Funding runs from $25,000 to $5,000,000, the application takes about five minutes and uses a soft credit pull, and funding can arrive in as little as 24 hours. Sole proprietors, including owner-operators, can apply.
Yes. Sole proprietors can apply.
No. Any legitimate business in Howard County can apply.
Common uses are payroll, equipment repair or purchase, inventory and bridging slow receivables.
We do not publish rates or terms on county pages.
In 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
