Construction · Irving, TX
Construction Funding in Irving, TX
A new commercial building in Irving carries a Building Inspections permit fee of $0.45 per square foot of the area of work, with a minimum fee of $1,200, effective November 1, 2026 under the city's FY26-27 fee schedule. On top of that, plan review for a new commercial building or addition costs 25 percent of the permit fee; only multi-family and mixed-use projects with a residential component add the $3-per-unit charge on top. For an Irving contractor or owner financing new construction, those two fees are sized off the building's own square footage, not a flat citywide rate.
Check business eligibilityFunding specialists, not a lender. No approval guarantee.
Updated October 30, 2026
Decision guide
Construction funding in Irving: the commercial permit fee runs 45 cents a square foot
A good fit when
- Construction or term financing sized to include the permit and plan review fees, not just materials and labor.
- Confirming whether the project is multi-family or mixed-use before budgeting the $3-per-unit charge.
- Getting the area-of-work square footage from the building plans before estimating the fee.
- Comparing financing offers on total cost over the build timeline.
Look elsewhere when
- Budgeting only materials and labor and discovering the permit fee afterward.
- Assuming the $3-per-unit charge applies to a single-tenant commercial building.
- A merchant cash advance for a one-time permit and plan review fee.
- Starting construction before the Building Inspections permit is issued.
| Item | Figure |
|---|---|
| Building Inspections permit fee: 15,000 sq ft x $0.45 | $6,750 |
| Plan review fee: 25% of the permit fee (not multi-family, no $3-per-unit charge) | $1,687.50 |
| Construction financing on a $1,200,000 shell building over 120 months at 9.5% APR | About $15,528 a month |
Illustrative only, not an offer. The $3-per-unit plan-review add-on applies only to multi-family and mixed-use development with a residential component.
Letter of compliance included
The city's commercial building permit fee includes the letter of compliance or certificate of occupancy for that permit.
Texas rules on advances
HB 700 requires providers of sales-based financing under $1 million to give disclosures and register with the OCCC; banks are exempt.
Official sources (checked October 22, 2026): City of Irving: FY26-27 Fee Amendments, Inspections, Building Inspections (effective Nov. 1, 2026, Land Development Code amendments adopted by Ordinances No. 2025-11146 and No. 2025-11165, Aug. 28, 2025).
What a funding specialist adds. Nowbiz sizes Irving construction financing around the actual permit and plan review fees and compares offers on total cost. The provider sets eligibility and terms.
Prepare
Documents that settle the decision
- Building plans with area of work in square feet
- Contractor's bid or construction budget
- Two years of business tax returns
- Year-to-date profit and loss
- Three to six months of business bank statements
Irving, TX
What Irving means for construction financing.
Irving lies between Dallas and DFW International Airport, home to Las Colinas, one of the largest master-planned office developments in the country, a convention center and music venue district, hundreds of corporate offices, an air-freight logistics cluster and a dense, largely Hispanic neighborhood economy in South Irving.
Las Colinas office rents are high, but the older corridors and warehouse districts along Interstate 635 and Highway 114 are reasonable, and the Texas minimum wage tracks the federal rate, so payroll is set by a competitive market rather than by ordinance. For a construction business, the yard and shop are minor costs next to labor and materials, and the real squeeze is paying crews weekly while general contractors and owners pay in thirty to ninety days.
Hot summers, mild winters and occasional ice storms frame the year, while the convention and concert calendar, the fall air-freight peak at DFW and corporate weekday schedules set demand for hospitality, logistics and services. a contractor should expect the underwriting to look at the trailing months, so a file submitted at the end of the slow season will look weaker than one submitted in mid-season, and should time equipment purchases before the busy months.
Demand for a construction business in Irving traces back to its anchor employers and institutions: Las Colinas and its corporate headquarters, DFW International Airport and the surrounding freight parks, the Irving Convention Center and the Toyota Music Factory, Baylor Scott & White Irving and Medical City Las Colinas, the University of Dallas, and North Lake College. they are the source of the larger projects — hospital wings, campus buildings, public works and tenant improvements — whose progress-payment schedules and retainage define a subcontractor’s cash flow.
The commercial map runs through Las Colinas along MacArthur Boulevard and O’Connor Road, the Music Factory district, State Highway 114 and the airport freight corridor, the Interstate 635 warehouse belt, Irving Boulevard and Story Road in South Irving, and Belt Line Road. Commercial and mixed-use activity along these streets generates the tenant-improvement and renovation work that keeps smaller contractors busy between larger projects.
The customer base is corporate and airport-area employees, convention and concert visitors, logistics and freight workers, students, and a dense, largely Hispanic residential base in South Irving. For a contractor, the important distinction is who is paying: homeowners pay at completion, general contractors pay on progress schedules with retainage, and public agencies pay slowly but reliably.
How Irving compares with nearby Texas markets
Irving is not Texas in miniature, and a construction business weighing a second location or comparing notes with peers should read the neighboring markets on their own terms.
Lubbock is the hub of the South Plains of West Texas, a university city anchored by Texas Tech and its health-sciences center, a regional healthcare center serving patients from across West Texas and eastern New Mexico, and the commercial center of one of the largest cotton-growing regions in the world.
Lubbock is inexpensive for commercial space and the Texas minimum wage tracks the federal rate, though a large student workforce keeps part-time labor available but seasonal and skilled trades are in short supply across West Texas. Hot summers, cold, windy winters and spring dust storms frame the trades calendar, while the Texas Tech academic year and football Saturdays, the cotton harvest from October into December and the fair in September set the sharpest swings in demand.
Austin is the Texas state capital and the home of the University of Texas, a technology hub with major campuses for Tesla, Apple, Oracle and Samsung, and a food, live-music and fitness culture that has made it the most expensive and fastest-changing market in the state.
Commercial rents are the highest in Texas and have climbed for more than a decade, and although the state minimum wage tracks the federal rate, the local labor market is priced by technology employers, so both occupancy and payroll are tight. Hot summers and mild winters keep trades working, while South by Southwest in March, the ACL Festival and Formula 1 in the fall, the UT calendar and the biennial legislative session drive the sharpest swings in demand.
Set against both, las Colinas office rents are high, but the older corridors and warehouse districts along Interstate 635 and Highway 114 are reasonable, and the Texas minimum wage tracks the federal rate, so payroll is set by a competitive market rather than by ordinance.
| Market | Anchor employers and institutions | Customer base |
|---|---|---|
| Lubbock, TX | Texas Tech University and the Texas Tech University Health Sciences Center, Covenant Health and University Medical Center, Lubbock Christian University, the cotton gins, cooperatives and equipment dealers serving the South Plains, Lubbock Preston Smith International Airport, and the SBA’s West Texas District Office. | Students, faculty and university employees, healthcare workers and regional patients, farmers and agricultural businesses from the surrounding counties, and families across a growing southwest side. |
| Austin, TX | The Texas Capitol and state agencies, the University of Texas at Austin, Dell Medical School and Ascension Seton, the Tesla Gigafactory in the southeast, Apple and Oracle campuses, Samsung’s fabs to the north, Austin-Bergstrom International Airport, and Circuit of the Americas. | Technology and state-government employees, students and faculty, festival and convention visitors, a young professional population, and affluent households across the western hills and northern suburbs. |
| Factor | Local detail |
|---|---|
| Anchor employers and institutions | Las Colinas and its corporate headquarters, DFW International Airport and the surrounding freight parks, the Irving Convention Center and the Toyota Music Factory, Baylor Scott & White Irving and Medical City Las Colinas, the University of Dallas, and North Lake College. |
| Commercial corridors | Las Colinas along MacArthur Boulevard and O’Connor Road, the Music Factory district, State Highway 114 and the airport freight corridor, the Interstate 635 warehouse belt, Irving Boulevard and Story Road in South Irving, and Belt Line Road. |
| Customer base | Corporate and airport-area employees, convention and concert visitors, logistics and freight workers, students, and a dense, largely Hispanic residential base in South Irving. |
| Seasonality | Hot summers, mild winters and occasional ice storms frame the year, while the convention and concert calendar, the fall air-freight peak at DFW and corporate weekday schedules set demand for hospitality, logistics and services. |
| State disclosure rules | HB 700 (since September 2025): standardized disclosures and registration for sales-based financing such as advances under $1 million; other products not covered |
| State minimum wage | $7.25 an hour (the federal rate, adopted by reference) |
| SBA district offices | Dallas / Fort Worth: 150 Westpark Way, Suite 130, Euless, TX 76040; Houston: 8701 S. Gessner Dr. Suite #1200, Houston, TX 77074; San Antonio: 615 E. Houston St., Suite 298, San Antonio, TX 78205; El Paso: 211 N. Florence St., Suite 201, El Paso, TX 79901; Lower Rio Grande Valley: 2422 E. Tyler Ave., Suite E, Harlingen, TX 78550; West Texas: 1205 Texas Ave., Room 408, Lubbock, TX 79401 |
| Contractor licensing | Texas has no statewide general contractor license; electrical and HVAC work is licensed by TDLR, plumbing by the State Board of Plumbing Examiners, and cities issue permits |
Minimum wage, SBA office and disclosure details checked October 15, 2026 against official sources: U.S. Department of Labor: state minimum wage laws (updated July 1, 2026), SBA Dallas / Fort Worth District Office, SBA Houston District Office, SBA San Antonio District Office, SBA El Paso District Office, SBA Lower Rio Grande Valley District Office, SBA West Texas District Office. Local minimum wages can be higher; confirm current rules before relying on them.
- Texas commercial financing disclosuresTexas regulates commercial sales-based financing such as merchant cash advances (HB 700, in force since September 2025, with standardized disclosures and provider registration); for term loans, lines and factoring, ask every provider for the total repayment, an annualized cost, the term, the payment schedule and prepayment terms in writing.
- Labour cost directionTexas’ statutory minimum wage tracks the federal rate and the state pre-empts local minimum wages, so labor pricing is set by the market rather than by ordinance; in the large metros the going rate for hourly staff sits well above the statutory floor, and the state has no personal income tax but levies a franchise (margin) tax on businesses above a revenue threshold.
- Also worth knowingThe Texas Office of Consumer Credit Commissioner licenses certain lenders, and Texas usury rules contain specific ceilings for commercial loans, but purchases of receivables such as merchant cash advances generally sit outside them, which is another reason to insist on written total-cost figures.
Local numbers
Construction businesses in and around Irving, in figures
The Census Bureau counted 4,921 construction business locations with paid employees in Dallas County, which includes Irving, in its 2023 County Business Patterns. That is 6.9% of the county's 71,182 employer locations, compared with 8.4% across Texas. 72% had fewer than 10 employees. They employed 97,169 people, with average annual payroll of $86,200 per employee.
In the SBA's 2026 fiscal year (October 2025 through September 2026), 115 lenders approved 475 SBA 7(a) loans totaling $440.4 million for businesses in Dallas County, an average of $927,000 per loan. By number of loans, the most active were Northeast Bank (39 loans); The Huntington National Bank (36 loans) and Newtek Bank, National Association (35 loans). Certified development companies approved 19 SBA 504 loans totaling $30.6 million for real-estate and equipment projects there; the most active was Capital Certified Development Corporation.
How to use these numbers: they describe the local market, not your odds. SBA figures count only loans the SBA guarantees, and a construction business is approved on its own revenue, credit and cash flow. A lender that is already active in the county is a reasonable place to ask about SBA options before comparing faster, costlier products.
| Measure | Dallas County |
|---|---|
| Construction business locations with employees (2023) | 4,921 |
| Share of all employer locations: county vs Texas | 6.9% vs 8.4% |
| Share with fewer than 10 employees | 72% |
| SBA 7(a) loans approved, FY2026 | 475 ($440.4 million) |
| Lenders making SBA 7(a) loans here, FY2026 | 115 |
| SBA 504 loans approved, FY2026 | 19 ($30.6 million) |
Sources: U.S. Census Bureau, County Business Patterns 2023; U.S. Small Business Administration, 7(a) Lender and 504 CDC Activity Reports, FY2026 (data as of September 30, 2026, by project county). County figures include the whole county, not only Irving.
Construction essentials
What matters most for a construction business in Irving.
The construction cycle is built on delay: mobilize, buy materials, meet weekly payroll, bill at month end, wait one to three months for payment, and accept that a slice of every invoice sits in retainage until completion. A construction business in Irving can therefore be winning bids and losing sleep, profitable on the books and empty in the account on payday. The capital need is not a one-time purchase; it is the permanent gap between paying for work and being paid for it.
The full Construction business loans guide covers the rest in depth: how each product fits, what lenders check, the documents that settle a decision, typical timelines and the mistakes that cost owners money.
- Lender viewReceivables from general contractors or public agencies make factoring efficient; equipment lenders like clear titles.
- Margins and cash patternLumpy cash flow: 30 – 90 day pay cycles and retainage
- SeasonalityWeather-driven in northern states; bidding season in winter
Products that fit
Three or four structures, not thirty.
Rather than every product on the market, here are the four that Irving construction business owners most often compare, with published market ranges and a short explanation of when each one makes sense.
| Product | Amount to discuss | Time to fund | Pricing structure | Eligibility review |
|---|---|---|---|---|
| Invoice factoring | Provider-specific; size to repayment capacity | Provider-dependent; confirm availability of funds | Contracted invoice fee, fee period, reserve and any additional charges | Provider assesses business and eligible invoices; Customer and owner checks depend on the agreement |
| Equipment financing | Provider-specific; size to repayment capacity | Provider-dependent; confirm availability of funds | Loan interest or lease payments; compare deposit, fees and ownership terms | Operating-history requirements vary by provider; Ask which personal and business credit checks apply |
How each structure fits a construction business, with worked comparisons, is covered in the Construction business loans guide.
Worked example
What $118,000 looks like for a construction business.
To make the comparison tangible, the figures below apply published market ranges to a typical amount for a construction business in Irving. Adjust the amount in the estimator; the comparison rows show the same amount under two alternative structures.
Payment estimator
Estimate a invoice factoring payment
Factoring cost on a $100,000 progress billing paid in 45 days, across the published fee range. The comparison rows show the same amount as a line draw and as equipment financing. Illustrative factoring fees on a $100,000 invoice outstanding for 45 days at published market rates; the table beneath shows alternatives at the same amount for an Irving construction business. Factoring fees on a $100,000 progress billing outstanding for 45 days at published rates, with a line draw and equipment financing shown beneath at the same amount for an Irving contractor.
$94,400 advanced against the invoice, $5,310 in fees and $18,290 in remaining reserve at collection (a negative reserve is an additional shortfall). The customer settles the invoice; this is not a borrower loan repayment.
Invoice face value, with an assumed 80% advance and 45-day collection. Fees accrue proportionally by day on the full invoice; other charges are excluded. This is a receivables sale, not a loan.
| Scenario | Estimated payment | Total payback / customer settlement | Basis |
|---|---|---|---|
| Lower scenario input | $1,770 / invoice (fee) | $118,000 customer settlement; $116,230 net to business | 1.0% per 30 days; 45 days; 80% advance |
| Midpoint | $5,310 / invoice (fee) | $118,000 customer settlement; $112,690 net to business | 3.0% per 30 days; 45 days; 80% advance |
| Higher scenario input | $8,850 / invoice (fee) | $118,000 customer settlement; $109,150 net to business | 5.0% per 30 days; 45 days; 80% advance |
| Structure | Estimated payment | Schedule | Total payback / customer settlement | Basis |
|---|---|---|---|---|
| Business line of credit | $11,796 per month | 12 months | $141,548 | 35.0% assumed annual interest; 12 months; fees excluded |
| Equipment financing | $3,029 per month | 60 months | $181,717 | 18.5% assumed annual interest; 60 months; fees excluded |
Estimates use the midpoint of published market ranges and standard term assumptions; they are illustrations, not offers. Actual pricing, term and payment frequency are set by the funding partner after underwriting. Compare offers on total payback and payment fit, and in Texas ask for the same disclosures California and New York require.
Secure eligibility check
Fast Funding Review
Start a no-obligation review for your Irving construction business: business basics, requested amount and intended use. No hard credit pull at this stage.
- No hard credit pull to apply
- Review and funding times vary by provider
- 5+ years in the industry
- Encrypted, private document handling
Prepare the file
Documents that help explain the request.
A consistent file shortens the review. Provide sensitive documents only through the private application workflow when asked. A Irving construction business should be ready with:
- Recent business bank statements
- Signed contracts or current project schedule
- Accounts receivable and payable summaries
- Equipment or material estimates
- Signed contracts and the current project schedule
- Accounts-receivable and accounts-payable ageing
Construction questions
Practical answers for a construction business in Irving.
What is the best financing for a subcontractor waiting on progress payments?
Receivables financing — factoring for speed regardless of the contractor’s credit, a line of credit for lower cost when the books are clean. Both scale with billings.
Is retainage financeable?
Rarely through factoring, because it is not yet due. Retainage is usually bridged with a line of credit or planned for in the working capital forecast.
How is construction equipment financing underwritten?
The equipment is the collateral, so its title, age and value lead the review, followed by the contractor’s statements and credit; terms of two to seven years are standard.
General questions about credit checks, documents and how Now Biz Fund works are answered on the About page.
Now Biz Fund is a team of small-business funding specialists, not a lender. It organizes the request, matches it with vetted funding partners and returns offers for comparison; approval, pricing, speed and amount are decided by the funding partner’s underwriting. Nothing on this page is an offer or a guarantee. Questions before applying? Call +1 (929) 744-5992 or start the no-obligation review.