As far as hurricanes go, Superstorm Sandy certainly knew how to make an entrance. She destroyed everything, including:
- Homes
- Buildings
- Roads
- Bridges
- Businesses
There’s not a structure or infrastructure that hasn’t felt the sting of her wake along the New York and New Jersey coastlines. The storm is single-handedly responsible for at least $50 billion in damages, and what many analysts are calling, the largest mass transit disaster in history.
Disaster Brings Unexpected Blessings
And yet, among all of this devastation and destruction there is hope; hope for a struggling, jobless economy. After all, someone is going to have to help clean up and rebuild the cities affected by Mother Nature’s fury. This is good news for construction companies all around the country.
You see, this is usually when construction businesses and workers alike begin to feel the pinch of the lean months. The off-season is when they regroup, take seasonal jobs, or tighten the fiscal belt in order to make it to the spring construction boom. Thanks to Hurricane Sandy, that boom may have come early this year.
There are just two problems:
- The work won’t start right away.
- Finding the financial backing necessary to bid competitively on the available jobs.
Construction companies from as far away as the Carolinas are relocating just to get a shot at industrial-sized contracts. In a cut-throat environment like this, is there any hope for smaller construction companies who have the know-how, but lack the monetary means?
Yes, all you need are unsecured lines of credit and a construction factoring company to supply them.
Be in the Business of Problem Solving
Factoring will help you look at unsecured lines of credit in a whole new way. Before we go much further, let’s apply this new perspective to one of the problems mentioned earlier: financial backing.
Finding investors is a particular issue for construction companies due to the temporary nature of the job and the drop off in construction work over the last six years. Even with the potential profit at your fingertips, you still have to convince others that your company is a wise and responsible investment. Unsecured lines of credit through a factoring party make financial presentations a thing of the past.
Simply approach an unsecured lender like, Advanced Funds Network (AFN) and discuss how factoring can get you the money you need within 48 hours. AFN will take over all of your accounts receivable practices. In exchange, you will get unrestricted advance funding that you can use to:
- Get equipment
- Bid on contracts
- Hire workers
- Meet payroll
- Increase cash flow
Use the money for any construction-related purpose you can think of.
Best of all, in the time it takes for insurance companies and government agencies to green light East Coast construction, you can build a comprehensive plan that allows you to take full advantage of the revenue generating opportunities that lie ahead.
For more information on how factoring works; contact AFN today.
