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Why you NEED to understand this type of credit | Finance Friday
Built with Billd
English - October 22, 2021 09:00 - 2 minutes - 3.73 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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Lines of credit have historically been based on your company's past financial data. Previous revenue, debt-to-income ratio, profitability, and current cash flow are all taken into consideration.
However, it's difficult to take on larger projects if your bank lines are based on previous data rather than projected data.
So, how do you get around this obstacle?
Project based financing.
Listen to this week's episode of Finance Friday to learn more.