Saginaw is an inner suburb of Fort Worth with businesses that keep trucks, crews and equipment running for field-service customers. Apply in five minutes; funding can arrive in as little as 24 hours.
Apply Now →Saginaw is a small home-rule city in Tarrant County and an inner suburb of Fort Worth. It had 23,890 residents at the 2020 census, in a county of 2,110,640. Neighbors include Fort Worth, Arlington, Mansfield, North Richland Hills, Euless, Grapevine, Bedford and Haltom City, so a Saginaw company is a short drive from a very large customer base.
The kinds of firms that serve oilfield crews, such as haulers, equipment dealers, repair shops and suppliers, share a cash cycle. This is a way to think about it, not a statistic about Saginaw.
| Pressure point | How it shows up |
|---|---|
| Payroll | Drivers, operators and mechanics are paid every week, whether or not the customer has paid you |
| Equipment | A truck, trailer or pump that fails has to be repaired or replaced immediately to keep earning |
| Receivables | Commercial customers often pay on thirty- to sixty-day terms, so work done today is cash next month |
A large operator can carry sixty days of receivables on its balance sheet. A ten-person hauling or supply business cannot. When a few invoices are outstanding at once, the owner may be fronting fuel, wages, insurance and parts out of a bank balance that was meant for something else.
That is when working capital makes sense: not to rescue a weak business, but to keep a sound one from missing a payroll while it waits to be paid.
It is not only the trucks. Restaurants, hotels and shops that sit near the people working in the field depend on the same schedule. When crews are busy, the lunch counter is busy; when work slows, so does the register. These owners face slow weeks and tight weeks just as often as the operators do.
Owners of trucking, supply and repair companies sometimes assume that working capital is only for a business that has a bad month. In practice, the more common use is the opposite: a business that is busy and growing, with several invoices out and a payroll coming. The decision to apply is a planning decision. Before you do, write down what the money will pay for, when the customer payments that fund the repayment are expected, and what happens if one of them slips by two weeks. A short answer to each of those questions is a sign that the request is sized to the business.
For illustration only, not our terms: an equipment-hauling company bills $26,000 for a month of work on net-45 terms. During those 45 days it pays two drivers, a mechanic, fuel and a trailer note. If a tire and brake repair of $4,500 lands in week three, the owner has to choose between the repair and payroll. Cash in hand ends that choice.
The application takes five minutes and uses a soft credit pull. We consider $25,000 to $5,000,000 and can fund in as little as 24 hours; sole proprietors, including owner-operators, can apply. See the Dallas-Fort Worth page or Tarrant County for the broader picture, or start the application.
Yes. Sole proprietors can apply.
Payroll between invoice and payment, equipment repair or replacement, and inventory for suppliers.
No. The restaurants, hotels, shops and trades around the field-service economy can apply as well.
About five minutes, with a soft credit pull.
$25,000 to $5,000,000, with funding in as little as 24 hours.
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
