Winning the bid is the easy part. For an Odessa contractor, the real question is who funds the weeks between the first payroll and the last payment.
Apply Now →If the answers show a gap larger than your reserves, that gap is the amount to consider financing, not the contract value.
Odessa is the county seat of Ector County and the principal city of the Odessa metropolitan statistical area, which includes all of Ector County. It had 114,428 residents at the 2020 census, making it the 34th-most populous city in Texas. Ector County, established in 1887, covers 901 square miles and had 165,171 residents in 2020. West Odessa sits next door. A contractor based here often works across that county, which stretches materials and crews across more sites and more time on the road.
| Rule | What it says |
|---|---|
| Property Code 28.004 | Overdue amounts accrue interest from the day after the due date at 1-1/2 percent per month |
| Property Code 53.052 | A lien affidavit is filed with the county clerk; for a non-residential original contractor, the deadline is the 15th day of the fourth month after the month work was completed |
These rules give you leverage and deadlines. They do not move money into your account this week. Confirm how they apply to your contract with an attorney; this page is not legal advice.
For illustration only, not our terms: with $12,000 in weekly payroll and a first draw six weeks out, the gap before materials is about $72,000. Request the shortfall, not the contract.
Funding runs from $25,000 to $5,000,000, funded in as little as 24 hours once the file is complete. The application takes about five minutes with a soft credit pull, and sole proprietors can apply, which covers solo trades and small crews. Compare the amount received, total repayment and when repayment starts with your draw schedule, then apply. Other Odessa pages: oilfield services and restaurants.
The gap. Request the shortfall at your lowest cash point plus a cushion, not the contract value.
No. Under Texas Property Code 53.052 it is a legal filing with the county clerk and has its own deadline; it does not pay this week’s payroll.
Texas Property Code 28.004 sets that interest on overdue amounts from the day after the due date. It does not set when you are paid.
Usually yes. A single asset suits equipment financing, while payroll timing suits working capital.
Yes. Sole proprietors can apply, and the application is about five minutes.
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
