Positioning Construction and Engineering Businesses for Financing
Atlanta, GA — 2024 is well underway, and it has become clear that construction and engineering businesses are primed for growth this year. However, businesses and their ownership groups must come to the table with a full understanding of the factors lenders tend to weigh when financing companies in the construction sector with heavy, project-based revenue streams.
Although considering the macroeconomic backdrop is important, the decision by a lender to finance a construction company is made up of many more factors. Each job is unique, and it is essential to weigh elements such as project/portfolio diversification, new construction exposure, financial performance, and surety bonding, among others.
In the article published by Construction Business Owner, Configure Director James Bardenwerper explores the essential factors lenders weigh when considering financing for construction and engineering businesses. Read the full article here: https://www.constructionbusinessowner.com/accounting/unsteady.