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05-22-2015, 10:59 AM #1
Reputation points: 50583
- Join Date
- Jul 2014
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Who Does Monthly ACH on 1-5 yr term for Sole Prop Construction Company?
Factor.
Your merchant needs to understand the ins and outs of factoring before he is pushy and says "No! I don't want anyone calling my clients!" - it's more professional than that. If you're a construction company or contractor and you say "No" to factoring even though it's the perfect solution, than something is wrong.
No matter the credit- construction is high risk because of... Everything. There is no gaurantee of payment unless the job is complete- what if they can't complete it or something happens while doing it?
If they want to take their personal financials or assets into play he can get a LOC and have a monthly interest off of that.Amanda Kingsley
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Always Live and Lead with Integrity.
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