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March 29, 2001

Getting the most bank for your buck

  • Lenders consider loans to construction-industry firms more risky than loans to many other industries. Despite that, contractors’ access to funding sources has never been greater.
  • By LEE D. SMITHER and SCOTT B. WINSTEAD
    FMI

    How can we get more bank for our buck? That’s a question that executives of every contracting company should ask themselves. The answer is by leveraging solid company performance into more money and better credit terms from your lender.

    More available credit may not be necessary depending on your company’s situation, but better credit terms are always welcome. The following information can arm you with the knowledge you need to deal and negotiate with your banker by offering insight into how lenders make their decisions.


     
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