Port Arthur is home to one of the country's largest refineries and sits on the Gulf Coast. Its contractors and marine firms plan around turnaround work and the hurricane season.
Apply Now →Port Arthur is in Jefferson County, with a small extension into Orange County, about 90 miles east of metropolitan Houston and part of the Beaumont-Port Arthur metropolitan area. The Motiva Refinery, described as the second-largest oil refinery in the US, is located here. The city was founded in 1895 by Arthur Stilwell and incorporated in 1898. The 2020 census counted 56,039 residents.
Around a refinery and port sits a ring of smaller firms: contractors, fabrication and repair shops, marine services, suppliers, and the food, lodging and retail businesses that serve workers. We describe them through their cash flow: payroll, equipment and receivables.
These tend to pay on formal accounts-payable schedules. A subcontractor can finish a job and then wait weeks, while its crew has been paid on a weekly cycle. Under Tex. Prop. Code 28.004, overdue amounts on improvements to real property accrue interest from the day after the due date at 1-1/2 percent per month, but the legal interest only starts after the invoice is late. The cash gap exists before then.
Work depends on weather and tides. A week of bad conditions can mean idle crews and boats with payroll still due.
Restaurants, shops and service businesses live on a steadier daily cycle, but a storm closure affects them as directly as anyone.
The Atlantic hurricane season runs June 1 to November 30. On the Gulf Coast, a firm should assume that some part of each season may cost days of lost operation. The Texas Windstorm Insurance Association exists as a not-for-profit insurer of windstorm and hail coverage for property owners who cannot get it in the regular market, but any insurance recovery arrives after the fact. Working capital, whether arranged in advance or sought quickly afterward, covers payroll and repairs in the meantime.
An owner with a clear picture of weekly fixed costs, payroll, rent, insurance and loan payments, can size that cushion in minutes: multiply by the number of weeks you would want to be covered.
Funding ranges from $25,000 to $5,000,000, funded in as little as 24 hours once approved. The application takes about five minutes with a soft credit pull, and sole proprietors can apply.
Beaumont, Nederland, Groves and Port Neches are neighbors in the same trade area. See Jefferson County and the Golden Triangle and Southeast Texas hub, or bad-credit funding in Port Arthur. Apply here.
The refinery anchors the local economy, and many nearby firms serve industrial customers. The page describes their cash flow in general terms.
Under Tex. Prop. Code 28.004, interest accrues from the day after the due date at 1-1/2 percent per month. This is general information, not legal advice.
Add up weekly payroll, rent, insurance and loan payments, then decide how many weeks of cushion you want.
About 90 miles east of Houston, primarily in Jefferson County.
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
