Grand Prairie spans Dallas, Tarrant and Ellis counties, and its 196,100 residents support a large mix of small employers. Start by listing what you must pay every month.
Apply Now →Grand Prairie is a city in the Mid-Cities region of the Dallas-Fort Worth metroplex, located in Dallas, Tarrant and Ellis counties with a small part extending into Johnson County. It had 175,396 residents in the 2010 census and 196,100 in 2020, and remained the 15th most populous city in Texas, according to Wikipedia.
A city that grew by more than 20,000 residents in a decade adds customers, but also competitors and rising costs for everyone. A small owner here is rarely short of work; the more common problem is that the fixed costs of staying open rise as fast as the sales.
| Category | Examples | Due |
|---|---|---|
| Space | Rent, utilities, insurance | Monthly |
| People | Payroll, employer taxes | Weekly or biweekly |
| State obligations | Sales tax, unemployment wage reports, annual franchise tax report | Per filing schedule |
| Suppliers | Inventory, materials, subcontractors | Per invoice terms |
| Debt | Existing loans, equipment payments | Fixed schedule |
Texas sets some of those dates. The Comptroller says the annual franchise tax report is due May 15, or the next business day if that falls on a weekend or holiday, and the Texas Workforce Commission says quarterly unemployment wage reports and taxes are due by the last day of the month after the quarter ends. Private employers can also choose whether to carry workers compensation, according to the Texas Department of Insurance, and most are not required to; the decision changes the cost map.
Add up the monthly column and compare it to your slowest month of deposits in the last year. If deposits fall short, the shortfall is the size of the gap any funding would need to cover, at a minimum. If they do not, the problem is probably timing, not size, and a smaller, shorter product may fit better.
A merchant cash advance is generally described as money received up front and repaid from future sales. Add one more row to your map before you decide: the repayment itself. If your slowest month cannot carry the other rows plus that row, the structure is too tight, and you should ask for a different one.
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.
Dallas, Tarrant and Ellis counties, with a small part in Johnson County.
May 15, or the next business day if it falls on a weekend or holiday, according to the Comptroller.
Private employers can choose to carry it and it is not required in most cases, according to the Texas Department of Insurance.
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
