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Top Reasons Why Contractors Have a Hard Time Loaning From the Bank

 

Learn how to avoid raising red flags with banks.

It may be difficult to understand why banks sometimes seem stingy with loaning money. They are in the business of lending money, construction contractors want to borrow money, it seems like a win-win situation. And then you have to stop and think about the times that your company did change order work and you were never paid for it or gave an employee an advance on their paycheck and it hasn’t been paid back, or even the times you loaned money to a friend and haven’t seen it returned. Now imagine how many times bank deal with loans and it may seem easier to understand why the loans don’t happen quite as easy. This white paper reviews the reasons why contractors may have a hard time securing a bank loan.

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Top Reasons Why Contractors Have a Hard Time Loaning From the Bank

Agenda

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Top Reasons Why Contractors Have a Hard Time Loaning From the Bank

Faculty

Randal DeHart, PMP, QPA

Randal DeHart, PMP, QPA

Fast Easy Accounting

  • Co-Founder in the office of Fast Easy Accounting
  • Practice emphasizes all aspects of construction accounting for contractors all across The USA including Alaska and Hawaii
  • Conducts regular seminars and workshops on numerous parts of construction accounting
  • Written several publications related to the areas of construction accounting
  • Education: Accounting, Project Management, QuickBooks, Xero Accounting
  • Can be contacted at 206-361-3950, [email protected] or on Twiter® @ContractorBkpng
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Top Reasons Why Contractors Have a Hard Time Loaning From the Bank

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