How banks manage their relationships with subcontractors
Built with Billd
English - April 01, 2022 09:00 - 15 minutes - 20.8 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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Once you have secured a line of credit through a bank, what does that relationship look like going forward?
There are some key things that your bank will like to see from you.
To begin with, everytime you pull on your credit line, the bank will require you to report your accounts receivable agings on a monthly basis.
Why?
Because they want to ensure that you're not pulling down more money than you are going to recieve in the next 60 days.
What else do you need to know?
Listen to this week's Finance Friday to find out.
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