Patrick ShurneyThis one's important. Last week, a contractor called me frustrated. Ten years in business. Solid reputation. Steady work. But he didn't have a line of credit to fund growth.
Patrick ShurneyEver wonder why some contractors can land $2M jobs while others are stuck bidding on $200K projects? It's not about skill. It's not about reputation. It's about bonding capacity.
Patrick ShurneyBanks aren't impressed by how busy you are; they want to see if your business is financially sound, sustainable, and structured for repayment.
Patrick ShurneyThe more jobs they took on, the worse cash flow became. The turning point usually came late at night staring at numbers that didn’t make sense.