Madison County, TX: Business Funding

Where Madison County sits

Madison County was created in 1853 and organized the next year, and it is named for James Madison. Madisonville is the seat. The 2020 census counted 13,455 people across about 470 square miles. In our regional grouping the county belongs to Greater Houston, a metro area that, on the extract we use, spans the Gulf Coast of Southeast Texas and centers on Harris County.

A county this size is not a metropolitan economy. It is a place where a handful of small employers carry a lot of the local work, and where commuting out to a bigger market is common.

The outside-work problem

Plenty of Madison County firms take work that is not in Madison County: a framing crew on a job across the line, a hauler delivering to a distribution yard, a welder subcontracting to a fabrication shop. The invoice is sent to a general contractor or a prime vendor in another county, and that customer sets the payment calendar.

Contractor timing, with the statute in view

Texas law gives contractors a way to protect themselves when payment is late. A lien affidavit for a non-residential original contractor is filed with the county clerk, with a deadline on the 15th day of the fourth month after the month the work was completed. We are not giving legal advice. We mention it because the framework itself tells you that waiting several months for payment is a recognized part of the trade. And Texas prompt-payment law lets overdue amounts accrue interest at 1-1/2 percent per month from the day after they are due, under the property code's rule on late payment by owners. Collecting interest does not pay this week's crew.

What a funding decision looks like in a small county

1. Name the gap. What do you owe in the next 60 days, and what is owed to you?
2. Name the use. Payroll, a trailer, a bulk materials order, a second truck.
3. Check the return. Will the work this money enables bring in more than it costs?
4. Apply with clean statements. About three months of business bank statements is the main document.

If the second and third steps are fuzzy, that is a reason to wait, not to apply.

Terms of the process

We fund $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. The application takes five minutes and uses a soft credit pull. No tax returns are required. FICO 500+ is considered, and sole proprietors can apply. Start your application.