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Financial challenges that ALL subcontractors face | Finance Friday
Built with Billd
English - October 15, 2021 09:00 - 5 minutes - 7.4 MBManagement Business Education commercialrealestate construction constructioneducation constructionfinancing contractors funding materialpurchasing materialsuppliers purchasingterms subcontractors Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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Cash flow restraints are among the most common financial challenges that subcontractors face.
Length of the repayment cycle, inadequate supplier terms, lack of support from traditional lenders, and high upfront costs are all to blame.
So, how do you overcome these challenges?
By having a variety of credit options.
Our VP of Marketing, Jon Katz, has some great recommendations for doing just that.
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