Lockhart is the Caldwell County seat, close enough to Austin to compete for customers and far enough out to carry its own overhead. Apply in five minutes.
Apply Now →Lockhart is a city and the county seat of Caldwell County. The 2020 census counted 14,379 residents. Caldwell County, established in 1848, covers 546 square miles and had 45,883 residents. Luling is the nearest neighboring town in the county.
Texas has about 3.5 million small businesses, 99.8% of all businesses in the state, according to the U.S. Small Business Administration. In a county seat like Lockhart, that statistic shows up as farm and ranch operators, contractors, repair shops, shops on the square and one- or two-person service businesses.
A commercial customer or general contractor owes you money on 30-day terms that often become 45 or 60.
Your vendor wants payment in 10 or 15 days, no matter when your customers pay.
Payroll, rent, insurance, fuel and loan payments have no invoice, but they come due on schedule. They are the real fixed costs.
The gap between the first and the other two is what working capital finances.
For trade contractors, Texas Property Code section 28.004 sets interest on overdue amounts at 1-1/2 percent per month from the day after the due date. A contractor on a commercial job can also file a lien affidavit with the county clerk; for a non-residential original contractor, the deadline under section 53.052 is the 15th day of the fourth month after the month the work was completed. These are general statements and not legal advice; talk to an attorney about your own situation.
Neither provision puts money in the account this week, which is why contractors who are owed money still look at working capital to cover wages in the meantime.
Suppose a Lockhart fencing and site-work contractor completes a $26,000 job for a commercial customer on net-30 terms that actually become 50 days. Materials and two crew members were paid out of pocket. These are round numbers for illustration, not terms we offer. The next job starts the same week, and the owner either waits, turns it down, or funds it.
Funding runs from $25,000 to $5,000,000, and the application takes about five minutes with a soft credit pull. Sole proprietors can apply, and funding can arrive in as little as 24 hours. Related pages: Caldwell County and the Austin and Central Texas overview.
Texas Property Code section 28.004 provides for interest on overdue amounts at 1-1/2 percent per month from the day after the due date. This is general information, not legal advice.
Under Property Code section 53.052, by the 15th day of the fourth month after the month the work was completed. Not legal advice.
Yes. Sole proprietors can apply.
No. It uses a soft credit pull.
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
