I’d say I’m in a rebuild phase of credit. I have a 621 vis Experian Fico
I own a construction company that makes decent money ($80k a month)
Construction is a difficult industry to work in without having lines of credit or charge accounts of any sort. Often times clients are on 30 day terms and simply don’t pay until it’s due. So I’m left fronting money and weakening cash flow to get material, move equipment, etc and just waiting till the next pay day.
If affects how we do business. I can’t get any charge accounts with local yards or any major retailers because of my credit score.
Does anyone have any suggestions on how to get some sort of charge card or credit card that could alleviate some of the daily need for cash flow?
Looking for suggestions on how to get funding or charge accounts/credit cards
byu/SoloIV inbusiness
Posted by SoloIV
2 Comments
So you’re doing about $1 million a year in revenue
What kind of jobs are you doing and what kind of clients are you dealing with?
How much do you have for cash flow and what kind of money are you making?
We did just under 2M last year
We do anything from foundations, to full home builds and handyman type work
The business day to day has about 150k in pure cash
I paid myself 120k last year