You pay the crew and the supplier now; the draw comes later. League City contractors can apply for $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →A contractor's week looks the same on any job: lumber, concrete, fixtures and subs get paid on supplier terms, and the crew gets paid every pay cycle. The owner, or the general contractor above you, pays on a draw schedule that depends on inspections, paperwork and sign-off. League City is a city of 114,392 people at the 2020 census, mostly in Galveston County with a small portion in Harris County, and part of the Greater Houston area. That puts a lot of residential and commercial work within reach, and a lot of contractors competing for the same draws.
| Stage | What you spend | What you collect |
|---|---|---|
| Mobilization | Deposit on materials, permits, first week of labor | Possibly an initial deposit, often less than the outlay |
| Rough-in or framing | Subs and more materials | Nothing until the milestone is approved |
| Inspection | Crew time waiting or re-working | Nothing; the clock runs |
| Draw submitted | Admin time | Payment after the owner or lender processes it |
Between the second and fourth rows, cash goes out every week and comes in once. A larger job simply makes the gap larger.
Texas has two rules worth knowing about, though neither is legal advice. Under Texas Property Code section 28.004, an overdue amount on a construction contract accrues interest from the day after it is due at one and a half percent per month. And under section 53.052, a lien affidavit is filed with the county clerk; for a non-residential original contractor, the deadline is the 15th day of the fourth month after the month in which the work was completed.
Those rules give contractors leverage, but they do not make payroll. A lien deadline sits months in the future, and the crew gets paid on Friday. Working capital is a way to cover the Friday while the paperwork runs its course. Talk to a Texas construction attorney about your own contracts.
League City's local economy touches ports, marine businesses and the waterfront. The Atlantic hurricane season runs from June 1 to November 30, and the property-owners' insurer of last resort, the Texas Windstorm Insurance Association, covers windstorm and hail for those who cannot get it in the regular market. For a contractor, storm season can mean a sudden surge of repair work, then a wait for insurance to release payment. The crew and the materials still need paying before that happens.
For the day-to-day gap, see working capital in League City. For trucks, lifts or tools, see equipment financing. The League City hub has other options.
The application takes about five minutes with a soft credit pull. Sole proprietors, including one-truck contractors, can apply. Start the application.
A draw is a partial payment tied to a milestone, while final payment arrives after the work is complete and accepted. Both are usually slower than your payroll and material bills.
No. Section 53.052 sets the deadline for a non-residential original contractor, and other situations differ. Check your own contract and talk to an attorney.
Yes. One-person and small crews can apply.
Typical uses are payroll, materials ahead of a draw, a truck or equipment, and bridging while an invoice is outstanding.
League City is mostly in Galveston County, but the application is the same wherever your project sits in Texas.
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
