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Working Capital vs Equipment Financing for Contractors
Last month, a general contractor landed their biggest project yet a $2.3 million commercial build. Excited to expand their fleet, they took out an equipment loan and purchased two new excavators. Three weeks into the project, they couldn't make payroll. The problem? They financed long-term assets when they desperately needed short-term cash flow. This costly mistake is more common than you'd think in construction. The difference between working capital and equipment financing
3 hours ago7 min read
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