Post a new topic
    2 Replies Latest reply on Oct 10, 2008 4:45 AM by ETLLC01

    Credit line needed for short term cash flow

    ETLLC01 Newbie
      In construction business bank release the last payment 30-45 day after finishing.
      Credit line needed short term to keep up w/ manufacturing and payrolls.
      We own the business since 8 yrs and making profits every year, but now the banks or homeowners holding the money back as long as they could and do not pay off their bills up to 45-90 days.
      Please let me know if there is any credit line solution to manage the cash flow between.Thx.
        • Re: Credit line needed for short term cash flow
          LUCKIEST Guide
          Credit line needed for short term cash flow, Welcome

          Who are you?? Where are you?? You say that you have been in business 8 years.

          Do you have an Accountant?? Have you talked to your local banker??

          How large a credit line are you looking for??

          Can I see prior year tax returns?? LUCKIEST
            • Re: Credit line needed for short term cash flow
              ETLLC01 Newbie
              Architectural decoration (precast stone) Florida, Clearwater.
              We have an accountant, but never discussed the subject, we used to be in pretty good shape.
              Our clients, builders, high end home homeowners holding our money back, until banks release their, but practically our money.
              We have 130K credit, what we are waiting for to get paid.
              Tax returns available.
              Local banks shut down credit applications in the past 2 weeks.
              We need 15-20-30K to bridge the waiting time....
              Thx.