Lubbock County is the largest county on the South Plains, with enough businesses that the cash-flow problems vary a lot from one to the next.
Apply Now →Lubbock County is where the city of Lubbock sits, and the city is both the county seat and its largest city. The 2020 census counted 310,639 residents. The county was created in 1876 and organized in 1891. Along with Crosby and Lynn counties it forms the Lubbock Metropolitan Statistical Area, and with Hockley County it is part of the larger Lubbock-Levelland combined area.
A population that size supports every kind of local business: medical and professional offices, shops, restaurants, trucking and trades. We group the county in the Panhandle and South Plains region, which also includes Potter, Randall and Hale counties.
For a business with employees, the unemployment wage report and tax are due on the last day of the month after each quarter ends. That falls on top of the regular payroll and the vendor bills of the same month. A quarter with a large receivable still open can leave you paying the state out of money you were counting on for something else.
Employers also decide whether to carry workers compensation, since private employers in Texas can choose to carry it in most cases. If you do carry it, the premium is one more recurring line.
Staff and rent are fixed; reimbursements run on the payer's schedule. Working capital can carry payroll across a slow reimbursement month or fund new equipment.
Materials are bought before a draw is released. A lien affidavit for a commercial job is filed with the county clerk, and for an original contractor the deadline falls on the 15th day of the fourth month after the work was completed; talk to counsel about your own job, because this is not legal advice. The point here is that waiting for payment is a normal part of this work.
Weekly food and labor bills against uneven sales, with inventory timing as the swing factor.
A Lubbock service company bills $60,000 on a job and gets paid 60 days later. Payroll for the crew is $8,000 a week. Over eight weeks of waiting that is $64,000 in labor alone, before materials or fuel. These numbers are illustrative and not our terms. They show why the shape of the invoice cycle, more than the size of the company, usually decides whether a business needs working capital.
We fund $25,000 to $5,000,000, in as little as 24 hours. The application takes five minutes with a soft credit pull, and we ask for about three months of business bank statements. No tax returns are required, FICO 500+ is considered and sole proprietors can apply. Apply here.
Any business with payroll and a timing gap between work done and cash received can apply. The application does not limit you to certain industries, though long-haul trucking and residential remodeling are cash-flow-heavy fields we do not promise funding for.
Not directly. We look at about three months of business bank statements, but large state payments are a common reason owners look at working capital.
The range is $25,000 to $5,000,000, so there is room for small and larger operators alike.
Yes, sole proprietors can apply.
The application uses a soft credit pull, which does not affect your score.
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
