Leading a successful construction or manufacturing business can be tough. To survive, sometimes you have to be a real MF’er. We get it — we’re real MF’ers, too. MF’ers do what’s right, pay it forward, lead through action, and get the job done. Wait … what did YOU think we meant by MF’ers? 😉 In… Read more »
In our new YouTube series, Built for Growth, we talk with experts about some of the biggest issues facing the construction and manufacturing industries. For our first episode, we were honored to have Loretta Calvin, Diversity & Inclusion expert and CEO of Monroe Strategic Business Solutions, join us to discuss diversity in construction. It is no surprise… Read more »
Construction funding for contractors helps cover the costs of payroll, materials, insurance and more before the project begins. Many subcontractors, and GCs who self-perform, are caught in a cycle of robbing the cash from one job to get started on the next. Why? It is NOT because most contractors are bad with money. They are… Read more »
The manufacturing industry was uniquely impacted by the coronavirus pandemic. For the first time in history the industry’s workforce, product demand, and supply chains were all affected at the same time. One of the greatest challenges was cash flow. Manufacturers, much like construction contractors, often operate on tight profit margins and while PPP loans and… Read more »
The construction industry is built on relationships. Having a background of mutual trust and respect, on top of a history of solid performance, can catapult your company over the competition when it matters most. If you are new to the industry, this is intimidating. You need the jobs to build the relationships, and you need… Read more »
Since the beginning of the coronavirus, the construction industry has found itself wading through murky waters. Are we essential? Is our project on hold? If we are working, how will we keep our team safe? And if we are not, how will we keep our teams paid? It has been a LOT to figure out…. Read more »
This content was produced in partnership with DARE Capital. You are having success building your construction business. You have blueprints for jobs, but a financial blueprint for your company? Not so much. If your construction business is growing every year, but … your paycheck seems to stay the same; you always feel like cash flow… Read more »
Equipment financing is another powerful tool to help your business grow and succeed. Financing a newer piece of equipment can help you cut costs, avoid delays, and build credit. We sat down with Gerald King, founder of King Commercial Capital, a cash flow solutions brokerage firm that specializes in equipment financing, to learn how equipment… Read more »
The coronavirus has put tremendous pressure on small business construction contractors across the country. Whether their state has deemed construction “essential work” or not, business owners are grappling with tough decisions. Some of these challenges are human — balancing the need to keep a business solvent against the very real pain of letting good people… Read more »
In construction finance, many lenders (ourselves included) utilize some type of risk mitigation in order to ensure that the project goes well and that the money lent is protected and will be repaid. Construction, in general, has risks that all parties in the construction process must account for in order to do their jobs properly… Read more »