Fieldstone Lending, a small-business funding broker in Gillette, Wyoming, arranges business lines of credit through lending partners for Campbell County companies whose bills and receipts do not line up. A line sets a limit you draw against as needed; interest runs on the drawn balance, and a revolving line reopens as you repay. A partner prices and approves each line.
| Structure | A ceiling you tap as bills land |
|---|---|
| Interest | Accrues on drawn dollars alone |
| Revolving | Repaid room can be drawn again |
| Partners review | Bank statements, receivables, credit |
| Small employers | 51.6% of Campbell County, WY employers have under 5 employees (CBP 2023) |
| Decision | The lending partner's |
A draw, explained for Gillette, WY owners
First, a partner sets the ceiling. Each time you move money from the line into your operating account, that is a draw. Interest generally accrues only on the drawn balance, and you repay draws on the schedule the agreement sets. An unused limit costs little or nothing in interest, though some agreements carry other charges, which the partner must state in writing.
A labelled example with round numbers, not an offer: on a line with a $50,000 limit, a shop draws $12,000 to pay a supplier, then repays it over the following weeks as sales come in. Interest runs on the $12,000 while it is outstanding, not on the whole $50,000.
When the draw window on a line closes
Many lines have a draw period, a window during which you can draw. When it ends, some lines convert the balance into a repayment period with fixed installments; others are renewed after a fresh review. Ask the partner three questions: how long is the draw period, what happens to the balance when it ends, and what triggers a review or a reduction of the limit.
Revolving versus one-pass lines in Campbell County, WY
On a revolving line, every dollar you repay becomes available again, up to the limit. That suits a cycle that repeats: buy materials, finish the job, get paid, do it again. A non-revolving line lets you draw up to the limit once, in pieces; repayments reduce the balance but do not restore the room. It behaves more like a term loan taken in stages.
Secured and unsecured lines
A secured line is backed by collateral, often receivables, inventory or a general lien on business assets. An unsecured line names no specific asset but often still asks for the owner's personal guarantee. Read the agreement for both the collateral and the guarantee clauses before you draw the first dollar.
Small Campbell County, WY payrolls and the case for a line
Small firms make up most of the county's employers: 780 of its 1,512 employer establishments (51.6%) had fewer than five employees in 2023 (U.S. Census Bureau, County Business Patterns 2023). A small payroll leaves little room for a late customer payment, which is why a standing line often comes up before a one-off loan does. A further 3,840 businesses in the county reported no paid employees in 2024, per Nonemployer Statistics, a separate count that is not added to the employer figure.
Typical recurring uses: buying materials ahead of a job, carrying receivables until customers pay, and covering wages in a month when deposits run behind. The post on payroll and a line of credit looks at that last use closely. For a known, one-time gap, working capital financing may be simpler.
A line or a fixed term for the same Campbell County, WY bill
Use a line for costs that repeat and vary. Use a term loan for a single project with a known price, because a fixed schedule usually costs less to carry than a balance that never quite clears. A line that stays fully drawn for a year is a term loan in disguise, often a more expensive one.
See all six structures on the comparison page, sector detail on the sector pages, county figures on the Gillette, WY page, and the process from first call to offer.
Questions to ask about a line
- Is the rate variable, and what is it tied to?
- How long is the draw period, and what happens to a balance when it ends?
- Are there charges for an unused limit or for each draw?
- What would trigger a reduction or closure of the line?
What partners commonly review
- Six or more months of business bank statements.
- A receivables list, if customers pay on invoice terms.
- The owner's and the business's credit history.
- Existing debts, liens and advance remittances.
- Legal and trade names that match across the Wyoming filing, the bank account and the invoices.
By Fieldstone Lending · Updated
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