Crews and materials get paid long before the draw does. Apply in five minutes; funding can arrive in as little as 24 hours.
Apply Now →Richardson is an inner suburb of Dallas with 119,469 residents at the 2020 census. It sits in Dallas and Collin counties and, by its Wikipedia profile, holds more than 5,000 businesses within 28 square miles, many of them telecommunications and technology firms along the Telecom Corridor, plus the University of Texas at Dallas. For a contractor, that mix means a steady flow of tenant improvements, office and lab renovations, repairs and small commercial jobs, along with residential work in the neighborhoods around them.
A built-out suburb is a renovation and service market more than a ground-up one. That favors small and mid-size trades, and it also means a lot of jobs billed in stages. See our Richardson business funding overview for the local picture.
A contractor's costs arrive on a schedule: crew payroll weekly, material suppliers on net terms, insurance monthly. Revenue arrives on someone else's schedule: a draw after inspection, a progress payment after the owner approves, a final payment after punch-list items clear. Between the two sits a float the contractor has to carry.
| Stage | Cash out | Cash in |
|---|---|---|
| Mobilization | Deposits on materials, permits, first payroll | Sometimes a small deposit |
| Mid-job | Payroll and materials every week | Draw, once invoiced and approved |
| Closeout | Final crew and subcontractor pay | Final payment and any held back amount |
Under Texas Property Code section 28.004, overdue amounts on a construction payment accrue interest from the day after the due date at 1-1/2 percent per month. That is a useful negotiating fact, but it does not put cash in your account while you wait.
Separately, a contractor who wants lien rights has to file a lien affidavit with the county clerk. For a non-residential original contractor the deadline under section 53.052 is the 15th day of the fourth month after the month the work was completed. This is general information, not legal advice; confirm dates with an attorney. The practical point is that late payment and lien deadlines both run on the calendar while payroll runs on the week.
Say a Richardson interior-finish contractor wins a $90,000 office renovation. Materials and subcontractors cost $35,000 in the first month, crew payroll is $14,000, and the first draw is billed at 30 percent but paid 30 days after approval. Those are round numbers chosen to show timing, not terms we offer. The contractor has spent roughly $49,000 and received nothing. Working capital sized to that gap lets the job start on schedule without stretching suppliers or skipping a payroll.
Funding runs from $25,000 to $5,000,000, the application takes about five minutes and uses a soft credit pull. Sole proprietors can apply, including one-person trades. Other products for Richardson owners are listed on our working capital and equipment financing pages. Apply here.
Small trades can apply. Sole proprietors are eligible, and funding starts at $25,000.
Add up payroll and materials from mobilization to the first payment, then subtract anything you can cover from cash on hand.
Funding is working capital, not legal help. Talk to an attorney about lien dates; funding can help cover costs while you wait for payment.
Yes, replacing or adding tools, vehicles or machinery is a common use.
In as little as 24 hours after approval, from a five-minute application.
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
