What is an Unsecured Business Line of Credit?

What is an Unsecured Business Line of Credit?

Your subcontractors need to be paid today. Payroll is due, and your last check? Still floating somewhere in banking limbo, with “expected clearance Friday” stamped in the transaction log. Sound familiar?  Whether you’re running a construction crew, managing a seasonal...
Unsecured vs Secured Business Line of Credit

Unsecured vs Secured Business Line of Credit

Unsecured vs Secured Business Line of Credit   Two projects are running at once. Crew A is pouring concrete downtown while Crew B is framing walls in the suburbs. Both jobs are on schedule, but the invoices that keep them alive are still crawling through “Net 30”...