Do You Feel Like The System Is Rigged To Keep You From
Getting Financing For Your Construction Company?
Well, it is! There I said and I stand by it 100%. In most cases it's not your fault! The problem is you using painting a word picture to show how well your Construction Company is doing and describing all the new and exciting projects you are bidding on and expect to get while your Financial Reports are telling the banker or lender the exact opposite!
Prior to the 1960's Contractors and Bankers had a personal one-on-one relationship. They got to know you, like you and trust you which made getting a loan fast and easy. Then starting in the 1960's lenders started using The RMA more than ever before to influence their decisions.
What you don't know about business is 100X worse than what you know about doing the work you love doing so very much.
Being Unaware Of The Rules Of Business Causes Many Contractors To Believe:
- Working Harder Will Solve Any Problem...
- Staying In Business Long Enough Means They Will Win...
- That One Good Job Will Fix All Of My Cash Flow Problems...
- Explain Their Situation To All Of The Bankers, Suppliers, Lenders...
In the end what you don't know can slowly and painfully drag you and your Construction Company into a deep hole of debt, discouragement, depression and despair long after you have run out of time, money and energy.
"If You Know The Answers The Questions Will Not Bother You" - Randalism
