Southmoor Business Funding, at 307 E Main St in Alice, Texas, talks a business bill through with the owner, matches it to one of six funding types and passes the request to funding partners, who make every decision on it.
Bank, online lender, dealer program or one request: a Jim Wells County, TX convenience store's payroll
A convenience store in Jim Wells County, TX that has to meet a payroll before its card deposits catch up can look for a small business loan in more than one place, and each source asks for something different:
- The store's own bank or credit union, which already sees its deposits come and go
- Online lenders, each with its own paperwork list and its own pricing
- Finance programs run by equipment dealers, which suit a cooler or a register better than a payroll
- One request through Southmoor Business Funding, passed to funding partners that weigh it on their own terms
Retail trade, the sector convenience stores belong to, had 122 employer establishments in Jim Wells County, TX in 2023, more than any other sector on that count (County Business Patterns).
For payroll, two questions sort the sources: does the gap happen once, or does it come back every month? A gap that returns may fit a business line of credit, and a single shortfall may fit a working capital loan.
Separate lender applications or one request: an Alice, TX home health agency weighs the two
Applying lender by lender can mean an application at each one, each with its own forms and document list, and each may run its own credit check. An Alice, TX home health agency replacing its scheduling software and the laptops its staff carry on visits would repeat that at every bank or lender it tries.
The other route is a single request through Southmoor Business Funding. On a call, the agency names the software quote and the laptop order; Southmoor sets that purchase against the six funding types (a term loan, or equipment financing for the laptops); and the request goes on to funding partners. A partner that takes it up may then ask for records of its own choosing.
An agency weighing these two routes is one of 15 employer establishments listed under home health care services (NAICS 6216) for Jim Wells County, TX in the 2023 County Business Patterns.
A Jim Wells County, TX wholesaler's supplier invoice, stage by stage through Southmoor and its funding partners
A wholesaler in Jim Wells County, TX with a supplier invoice due before its own customers pay shows how a funding request moves, stage by stage:
- The wholesaler calls (361) 204-8622 and names the supplier invoice and its due date; the request form is the other way in.
- Southmoor Business Funding sets the invoice against the six funding types: a payment made once points to a working capital loan or inventory financing, and one that recurs points to a credit line.
- The request passes to funding partners, and a partner may ask for bank statements, a recent tax return or the supplier's terms.
- An offer from a partner may state the amount, the cost and the payment schedule, and the wholesaler can read it in writing before signing.
- The wholesaler reads that offer and signs it or turns it down; nothing binds the business before it signs.
Supplier invoices of this kind land on a wholesale trade sector that County Business Patterns put at 45 employer establishments in Jim Wells County, TX for 2023.
The how it works page goes through a request in more depth, and the disclosures set out how this site and its funding partners divide the work.
Where the Jim Wells County, TX figures quoted across this site come from
Every local number on these pages comes from a Census Bureau program, named next to the figure along with its year:
- County Business Patterns, 2023: employer establishments, meaning business locations that had paid employees during the year. Jim Wells County, TX had 783.
- ZIP Code Business Patterns, 2023: the same kind of count for one ZIP Code. 612 employer establishments had a ZIP 78332 address.
- Nonemployer Statistics, 2024: businesses without paid employees, counted in a program of their own. Jim Wells County, TX had 3,403.
- American Community Survey, 2020-2024: the share of employed residents who are self-employed, 10.8% (±2.4) for Jim Wells County, TX.
Dollar examples with a rate and a term are another matter: each one is labeled as invented and worked out for illustration, never as a quote.
Southmoor Business Funding's office is at 307 E Main St, Alice, TX 78332, and its phone number is (361) 204-8622. The contact page lists both, with notes on what to have ready before calling.
By Southmoor Business Funding · Updated