Dallas anchors a metroplex of 8.5 million people. Staffing agencies, real estate services and IT firms there share one habit: they pay people before their clients pay them.
Apply Now →Dallas is in northern Texas and, with a population of 1,304,379 at the 2020 census, is the third most populous city in the state. Wikipedia says that along with Fort Worth it anchors the Dallas-Fort Worth metroplex, the fourth most populous metropolitan area in the U.S. at 8.5 million people, and that it is the largest inland metropolitan area in the country that lacks any navigable link to the sea. Irving, Garland, Grand Prairie, Mesquite, Carrollton and Richardson are all close.
In a market that size, service businesses can find plenty of clients. What they struggle with is the gap between what they pay out and what comes in.
A staffing firm pays temporary workers weekly or biweekly and invoices the client on terms. Growth makes the gap larger: each new placement adds payroll before it adds a deposit. A firm that wins a large client may need more working cash, not less, in the first two months. See Dallas staffing agency funding.
Texas employers also have recurring state obligations. The Texas Workforce Commission says quarterly unemployment wage reports and taxes are due by the last day of the month after the quarter ends, and the Comptroller says the annual franchise tax report is due May 15 (the next business day if that falls on a weekend or holiday). Those dates are worth putting in the same calendar as payroll.
| Line | What to write |
|---|---|
| Weekly payroll and taxes | The real number, including employer taxes |
| Average days from invoice to payment | Use your slowest large client |
| Gap in dollars | Weekly payroll times weeks of delay |
| Cash on hand | What is in the account today |
| Shortfall | Gap minus cash on hand |
For illustration only, not our terms: with $25,000 in weekly payroll and a client that pays in 45 days, the gap is about $160,000 before any cash on hand is counted. That is why growing staffing firms feel cash-poor even in a strong quarter.
A merchant cash advance is generally described as money received up front and repaid from future sales. Structures differ. For a payroll-first business, ask how repayment behaves in a month when a large client pays late, what the total repaid is, and whether paying early changes it.
Requests run from $25,000 to $5,000,000, with funding in as little as 24 hours once the application is complete. The application takes about five minutes, uses a soft credit pull and is open to sole proprietors. Apply here.
Other pages: working capital, equipment financing, lines of credit, term loans and same-day funding.
Quarterly reports and taxes are due by the last day of the month after quarter end, according to the Texas Workforce Commission.
May 15, or the next business day if it falls on a weekend or holiday, according to the Texas Comptroller.
Each new placement adds payroll immediately, but the matching payment arrives weeks later.
Yes.
No. It uses a soft credit pull.
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
