The Panhandle is wide, flat in places, cut by canyon country, and anchored by one large city. Businesses here live with distance, weather and water.
Apply Now →The Texas Panhandle is the northernmost region of the state, bordered by New Mexico on the west and Oklahoma on the north and east. West of the Caprock Escarpment the surface of the Llano Estacado is rather flat. South of Amarillo, Palo Duro Canyon, the second-largest canyon in the United States, cuts through. North of Amarillo lies Lake Meredith. Lake Meredith and the Ogallala Aquifer are the primary sources of fresh water in this semi-arid High Plains region. I-40 passes through the Panhandle and Amarillo. Amarillo is the most populous city in the Panhandle and comprises nearly half of its population.
Our county grouping includes Potter, Randall, Moore, Hutchinson, Gray, Hansford, Ochiltree, Dallam, Deaf Smith, Castro, Parmer, Swisher, Hale and Childress. It is a general list and membership is approximate.
There is the Amarillo scale: restaurants, medical offices, contractors, dealerships, metal and welding shops and retailers who serve a metro area. And there is the small-town scale: a single hardware store, diner or repair shop that serves a county where people drive a long way to buy anything else. The first faces competition and growth costs. The second faces thin customer counts and long supply lines.
Much of the rural economy rests on farm and ranch customers, and many small suppliers sell to them on account. Income for those customers arrives when crops or animals are sold. The supplier waits. A farm equipment repair shop that is owed money by a dozen accounts at the end of a dry summer can have lots of revenue on paper and not enough cash for parts.
Because I-40 crosses the region, some businesses depend on passing traffic: food, fuel-adjacent retail, lodging and repair. Their sales move with travel season and weather. A closed road is a lost day, and the lease and wages do not shrink. Keeping a few weeks of fixed costs in reserve is simple advice that is hard to follow, and working capital is one way to cover a gap while the reserve is rebuilt.
For illustration, with round numbers and not our terms: a welding shop in the Amarillo area lands a fabrication order. It needs $35,000 in steel, a hired helper and a rented lift for six weeks, and the customer pays net 45. The work is worth doing only if the shop can finance those weeks. Funding makes sense if the order has a signed price that covers costs; it does not if the price was a guess.
Funding runs from $25,000 to $5,000,000, and can be funded in as little as 24 hours once approved. The application takes about 5 minutes and sole proprietors can apply. When you know the job and the amount it needs, start the application.
It is the northernmost region of Texas, bordered by New Mexico and Oklahoma, with Amarillo as its largest city.
The Ogallala Aquifer and Lake Meredith are the primary freshwater sources in a semi-arid region, which affects farm customers and the suppliers who depend on them.
Yes. Sole proprietors can apply, and many small-town businesses are one-owner operations.
Their sales depend on travel and weather, so many look at working capital for slow stretches.
No. It is a general grouping and membership is approximate.
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.
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