Working Capital Loans in Evanston, WY to Cover Payroll Until Invoices Are Paid

A contractor in the middle of a job can face two needs at once: the crew has to be paid every other Friday, and the job calls for a second skid steer. They belong in different places. The machine can go on equipment financing, where it secures its own payments. Payroll has no asset behind it, so it fits a working capital loan sized to the wait for the next progress payment.

Illustration only, invented figures: a crew costs $14,200 per biweekly payroll and the general contractor pays progress bills 30 days after they are sent. 2 or 3 paydays fall in that window, depending on the calendar, so the payroll to carry is $28,400 to $42,600.

Crews are a real line item among local builders: the 48 specialty trade contractor establishments in Uinta County, WY reported 554 paid employees in the March 2023 pay period (CBP 2023, NAICS 238).

New treatment tables are equipment with a useful life of years, and a clinic can finance them that way. The cash problem a working capital loan answers is different: supplies, a front-desk hire and rent that come due while claims from the first weeks with the new tables are still being processed.

Small staffs are part of the local health care picture. In 2023, 24 of the 54 ambulatory health care employer establishments in Uinta County, WY had fewer than five employees, or 44.4% (CBP 2023, NAICS 621, our arithmetic). With a staff that size, one slow-paying insurer can move the whole payroll.

For a clinic, a partner can ask for an accounts receivable aging report that shows claims by payer and by age, alongside bank statements.

A retail shop adding a new shelving section may also add hours for staff to receive, tag and stock the goods. The shelving is a movable fixture and can sit on an equipment loan; the extra hours are payroll that comes before the new section brings in sales.

Illustration only, invented figures: $5,300 of biweekly payroll over a 21-day stocking stretch covers 1 or 2 paydays, so the shop plans for $5,300 to $10,600.

Retail establishments with paid staff in Uinta County, WY reported 1,094 employees in the March 2023 pay period (CBP 2023, NAICS 44-45). Nonemployer Statistics, a separate program, counted 125 retail businesses with no paid employees in 2024; for them the gap is the owner's own draw, not a payroll.

"Construction loan" can mean financing to build a property, paid out in stages as the building goes up. That kind of real estate loan is not arranged here. What this page covers is working capital for a construction business: money for crews, fuel, materials and rental yards while the business waits to be paid.

A mini excavator is equipment and belongs on equipment financing. Keeping it off the working capital loan leaves more of that loan, or of an undrawn line of credit, as cash a bonding company can see when the business bids its next job.

In Uinta County, WY, 14 employer establishments were in construction of buildings and 48 were specialty trade contractors in 2023, out of 68 in construction overall (CBP 2023).

Every funding partner sets its own list. These are papers that can come up for a working capital request, and having them ready shortens the back-and-forth:

• Checking statements going back three to six months, every page included
• An accounts receivable aging report, or a list of open invoices and who owes them
• Payroll reports showing the size and timing of each payroll (a buyer of a going business adds the seller's, as the business purchase article explains)
• The latest business tax return and a year-to-date profit-and-loss statement
• Every loan, lease or advance the business already carries, with what each costs per month

To open a file, call (307) 381-3526 or fill in the request form. Partners review the file, may check credit as part of that review, and decide on any amount and term. The how it works page walks through each step, and the funding options page compares working capital with the other five options.