Get a Lawyer Before You Need a Lawyer

Ask anyone you know, and they’ll all agree:  Lawyers are the worst!  Heck, I am a lawyer, and I’m not

Ask anyone you know, and they’ll all agree:  Lawyers are the worst!  Heck, I am a lawyer, and I’m not going to argue that one!

They’re expensive.  They take up time.  They wear stupid looking suits and speak in terms that nobody understands.  They are, in short, not the guys (or ladies) anybody feels like hanging out with on a Tuesday afternoon!

That said, Construction Dive makes a pretty compelling case for why it’s a good idea to have a lawyer look over your construction contracts before you sign the dotted line. Four Reasons Why Construction Companies Should Have an Attorney Review Contracts

In short, construction contracts are complicated, and the stakes are high!  If you don’t know what to watch out for, there are a lot of harmless sounding sentences that could end up costing you hundreds of thousands of dollars.

There are also a lot of scary sounding sentences that are actually pretty harmless…or at least unenforceable.

It may be tempting to skip that meeting with the stuffy guy in the stuffy suit, but particularly if you’re looking at a “make or break” contract, it’s worthwhile to get a second set of eyes on everything.  Nobody wants to spend several hundred dollars and an hour of their life in a lawyer’s office, but a little time and money now can save you a lot of grief down the road!

 

Tara “Tipper” Coker, Esq.

www.constructionfinance.com

Tel  870 277 0658    Fax  870 451 8154

Lean on Me or Lien on Me….

“LIEN on Me”.   *Our apologies for the play on words of the famous Bill Wither’s Classic* You remember the lyrics,

“LIEN on Me”.   *Our apologies for the play on words of the famous Bill Wither’s Classic* You remember the lyrics, You just call on me brother, when you need a hand  We all need somebody to LEAN on  I just might have a problem that you’ll understand  We all need somebody to LEAN on … As a growing subcontractor, you often need someone to Lean On as your business continues to grow.  Construction Finance is here for you to Lean On.   But, Sometimes, when projects don’t pay as outlined by your contract, you need a bit more.  You may need someone to “LIEN ON”.   We love to measure success by helping companies with their cash flow challenges, thereby allowing them to take on bigger projects. Watching our clients Grow as they LEAN on us for financial support is a truly awesome feeling. However, one of our proudest moments last month involved the other L word,  LIEN not LEAN.  Our client began to panic near the end of a commercial project. Payments from her contractor to her seemed to  dwindle.   We assured her that she could LEAN on us. At NO additional cost to our client Construction Finance had already issued necessary Preliminary Notices along with other documents to the General Contractors and Project owners to ensure that our client’s payment rights were protected. Our client initially LEANED on Construction Finance for working capital.  But, she was so thankful that part of our services are to protect her LIEN rights throughout commercial projects. — www.constructionfinance.com John Sawyer 870 277 4171 | 870 451 8154|  2111 Race St, Ste 2 Jonesboro, AR 72401

U.S. Setting Tariffs on Canadian Lumber

U.S. Setting Tariffs on Canadian Lumber The U.S. government has recently increased tariffs on softwood lumber coming in from Canada,

U.S. Setting Tariffs on Canadian Lumber

Tara “Tipper” Coker, Esq.

www.constructionfinance.com

Tel  870 277 0658    Fax  870 451 8154

Construction Finance Success Story No.07

Construction Finance Funds 150k to Security and Fire Protection Contractor. This contractor had a limited line of credit at his bank. C

Construction Finance Funds 150k to Security and Fire Protection Contractor. This contractor had a limited line of credit at his bank. C F paid off the line and offered much more working capital to the client.

ConstructionFinance.com

john@constructionfinance.com or 870-277-4171

Mowing and Brush Contractor goes months with ZERO business

At Construction Finance, NO monthly minimums are required! Construction Finance funds a large Mowing/Brush Contractor with a 300k facility.  This

At Construction Finance, NO monthly minimums are required!

Construction Finance Success Story No.06

Construction Finance approves 300k funding facility to Ready Mix Plant in TX. This Concrete plant is able to take advantage of

Construction Finance approves 300k funding facility to Ready Mix Plant in TX. This Concrete plant is able to take advantage of deep discounts with aggregate/sand/ash suppliers by partnering with Construction Finance.

ConstructionFinance.com

john@constructionfinance.com or 870-277-4171

Hidden Benefits of Factoring

Hidden Benefits of Factoring Here at Construction Finance, we do far more for our clients than just advancing them the

Hidden Benefits of Factoring

What Does Increased Economic Growth Mean for Construction Profits?

What Does Increased Economic Growth Mean for Construction Profits? After years of slow economic growth following the 2007 economic downturn,

What Does Increased Economic Growth Mean for Construction Profits?

After years of slow economic growth following the 2007 economic downturn, the economy is finally showing sustained growth. Revenue numbers in the S&P 500 are now higher than they have been in years, and US consumer sentiment is at a 17 year high, topping even pre-recession levels of consumer confidence.

The Wall Street Journal speculates that this growth means corporate profits may begin to slow, due to increases in labor and material costs offsetting growth. As Economy Gains Strength, Companies Sell (and Spend) More

This presents an important question for the construction industry: Will we too see stagnating profits even the face of overall growth?

Without a crystal ball, it’s impossible to know. It is likely that a strong global economy will drive up the cost of materials, and right now, Europe is enjoying decent growth.

However, as everyone who’s worked construction knows, hiring construction workers is an entirely different ballgame from hiring accountants or salespeople. Often, traditional employment metics have little relation the nuts and bolts realities of our jobs, and the things driving up labor costs for Goldman Sachs don’t have much bearing on our lives.

Only time will tell, of course, but I predict that we’ll see construction profits continue to increase–good news for those of us who’re already working with tight margins!

Tara “Tipper” Coker, Esq.

www.constructionfinance.com

Tel 870 277 0658 Fax 870 451 8154

Factoring in Fall! YES! Please!

Hello FALL and cooler temps! The construction industry is back and getting stronger than ever. Commercial contractors are striking while the

Hello FALL and cooler temps! The construction industry is back and getting stronger than ever. Commercial contractors are striking while the iron is hot. With more projects than ever, commercial contractors have a golden opportunity. With Construction Finance, contractors can take on larger projects and pay suppliers and payroll faster than ever before. The hidden gem of construction factoring is LONG overdue. Industries such as medical, staffing, trucking, and many others have relied on accounts receivable factoring for years to help them grow. Finally, contractors can use invoice factoring as well in the BOOM time for the commercial construction industry.

A recent Construction Finance Success Story: 250k Facility to Electrical Contractor

Electrical Contractor was doing 20-30k monthly just over a year ago. He was offered a large Industrial Time and Materials Maintenance contract. After receiving a $250,000 factoring facility from Construction Finance to be able to support his increased labor costs, this contractor is now doing nearly $3 million annually.

Are you tired of turning down construction prospects because they tend to be too complicated or messy? We have over 20 years experience in the construction business coupled with over 30 years in invoice finance. We personally fund 100% of our clients and are committed to providing your referral prospects with quick responses.

Check out our broker referral agreement and our client application. You can learn more about us at our website or contact us today.

John Sawyer (Owner), Rachael Diaz (Office Manager)

and Iris Feng (Underwriting Manager)

Construction Finance Dream Team

P.S. We also have great introductory videos for you to share with your prospects about how construction factoring works. See them all here.

Construction Finance Success Story No.05

Construction Finance Success Story No.05 MO Demolition Contractor receives 250k funding facility from Construction Finance.   With Construction Finance, this

Construction Finance Success Story No.05

Check out our other success stories found here:  CONSTRUCTION FINANCE SUCCESS STORY NO. 01

ConstructionFinance.com

For more information on invoice factoring and if it’s a good fit for your company, contact John Sawyer today!

john@constructionfinance.com or 870-277-4171