From my experience over the years providing millions of dollars in credit facilities to construction companies across the United States, I know that there are few industries that can benefit more from affordable access to capital than construction.

Contractors have a notorious need for working capital when cash reserves ebb. Operating a construction company comes with expensive overhead; labor, materials, equipment and insurance costs that are expensive. These expenses coupled with less than favorable payment terms mean that as jobs are being completed, there is money going out to pay vendor expenses and labor. But payments are waiting to be received from started or completed jobs. Credit needs can be further heightened if the contractor has multiple simultaneous jobs, all at different remittance (payment) schedules.

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