Fort Worth began as an army outpost over the Trinity River and is now the county seat of Tarrant County. Fabricators and oilfield suppliers there often wait on large invoices.
Apply Now →Fort Worth is the county seat of Tarrant County and covers nearly 350 square miles, extending into Denton, Johnson, Parker and Wise counties. Its 2020 census population was 918,915. Wikipedia says the city was established in 1849 as an army outpost on a bluff overlooking the Trinity River, and that it is the second-largest city in the Dallas-Fort Worth metroplex. Arlington, Mansfield, North Richland Hills, Euless, Grapevine and Bedford are nearby.
A metal fabrication or welding shop buys steel before it sells a part. The customer is often a larger company that pays on terms, so the shop carries material, labor and power for weeks before payment arrives. See Fort Worth metal fabrication and welding funding.
Oilfield suppliers and service firms have a related issue. Texas oil work, from the Permian Basin to the Eagle Ford Shale, runs on activity levels that change, and invoices from operators can take a while to clear. If some of your customers are in that field, describe how they pay. See Fort Worth oilfield services funding.
Suppose a Fort Worth fabricator wins a $70,000 job. Steel and consumables cost $26,000, two welders and a helper cost $14,000 over the job, and the customer pays 60 days after delivery. The shop has spent $40,000 before the first dollar arrives. That figure, not the job price, is the amount of cash the project needs. This is an illustration, not our terms or a typical outcome.
Large customers often pay on a fixed schedule: invoices approved by the fifteenth are paid by the end of the following month, for example. If you know that schedule, you can time a request to land just before the biggest outlay. A shop that knows its largest customer pays on the last Friday of the month can plan material purchases around that date. Describe the schedule on your application; it shows the funder that the gap is predictable and temporary.
A merchant cash advance is generally described as money received up front and repaid from future sales. For a job-based shop, ask these four questions:
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.
Compare working capital, equipment financing, lines of credit, term loans and same-day funding.
Tarrant, and parts of Denton, Johnson, Parker and Wise counties.
No. The cash needed is what you spend before the customer pays. Use that number.
Say who they are, how long they usually take and whether they have ever been late by more than a month.
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
