A storm week can erase a month of margin. Apply in five minutes for $25,000 to $5,000,000; funding in as little as 24 hours.
Apply Now →The Texas Coastal Bend is the curve of the Gulf Coast around Corpus Christi, taking in Corpus Christi Bay, Aransas Bay, part of Laguna Madre and barrier islands such as North Padre, Mustang and San Jose. This page covers fourteen counties, from Nueces and San Patricio to Aransas, Victoria, Calhoun, Jackson and Matagorda.
Restaurants, hotels, charter operators, marinas, marine contractors and main-street shops share this coastline. So do the hazards: the Atlantic hurricane season runs June 1 to November 30, and for property owners who cannot get windstorm and hail coverage in the regular market the Texas Windstorm Insurance Association exists as a not-for-profit insurer.
| Cost that continues when the doors are shut | Revenue that stops |
|---|---|
| Rent, loan payments, insurance | Walk-in and reservation sales |
| Salaried staff and hourly crew you want to keep | Charter bookings and tours |
| Utilities and software | Deliveries and events |
| Spoilage and restocking | Weekend traffic |
None of this is specific to a single business. The point is that closing for a week does not close the bills.
Hotels, restaurants and charter operators stock up and staff up before the busy months. Cash goes out first.
Repairs, cleanup and restocking come before the insurance payment, if there is one, and before customers return.
Marine, industrial and construction contractors wait on invoices. Texas law accrues interest on overdue contractor payments at one and a half percent a month (Tex. Prop. Code 28.004), but the crew is still paid weekly.
The best time to arrange working capital is before a storm warning, not during one. Think about how large a cushion would carry you through a closure and whether you have it. If the answer is no, a working-capital decision made in calm weather is easier than one made under pressure.
How many weeks of fixed costs can the business carry with no sales? What is the plan for staff during a closure: keep, reduce or rehire later? Is the business insured for interruption, and what does that policy actually cover? Who are the customers who owe you money, and are any of them in the same affected area, which could slow their payments? These are hard questions, easier to answer in calm weather. Having the answers makes any funding conversation much more straightforward.
The application takes about five minutes and uses a soft credit pull. Amounts run from $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. Sole proprietors can apply.
Aransas, Bee, Calhoun, Goliad, Jackson, Jim Wells, Kenedy, Kleberg, Live Oak, Matagorda, Nueces, Refugio, San Patricio and Victoria.
June 1 to November 30.
It can cover operating costs and urgent needs. Describe the use and the source of repayment.
Any eligible business can apply, including sole proprietors.
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
