business line of credit?
Oct 11, 2009
in
Business Line Of Credit
i am finding out it seems very hard to get a line of credit for a job today. does any one have any type of idea on how to get a line of credit for a job that has funds all ready allocated for the work. the funds are to cover labor and materials until a 45 day draw is released for the work. i use to just give the bank the contract and they would give me 100,000 no problem. do i need to look at banks in other country’s or what. is the American dream dead. please help
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One comment
G N A on October 11, 2009 at 4:23 am
You didn’t mention your line of work, but have you tried a factoring company or a bonding company?
My experience is with construction sub-contractors and this has always been good options for them as they are paid as the job is completed.