Preparation is key for contractors seeking credit
Abstract: Although the financing market remains tight, it’s still possible to prevail in a search for credit. By building their case beforehand and knowing all of the available options, contractors will have a better shot at getting the dollars they need. This article shows how to choose the right lender and how to analyze projected balance sheets and projected future earnings in advance of visiting the lender. It also looks at alternatives for those shut out of traditional lending altogether.