Is one of your projects on hold due to funding problems?

If so, we may have found another funding source for the project’s developer. Pass the following onto them (via the General Contractor).

Carl Settles
NorthStar Funding Group
877-281-6660 (toll free)
909-996-6795 (direct)
909-474-8903 (fax)
nsfg@northstarfundinggroup.net
www.NorthStarFundingGroup.net

APPARENTLY NorthStar Funding will loan up to 90% of project value.

If the unstable bank situation is holding up one of your projects, give Carl a call to see whether your project may qualify.

If you are a subcontractor, copy and past this information into an email and send it the project’s General Contractor or CM. With the construction economy dragging as badly as it is, aggressive action is in your best interest.

If you’d like to discuss with me before calling Carl, drop me an email (ron@filthyrichcontractor.com) or call 913-961-1790. I’ll share what I know.

Be Forewarned: we are not vouching for Carl or NorthStar. We know nothing about the legitimacy.

Good luck,

Ron

Just got back from a client’s office last night. My partner and I have been working with the owners for a little while and had been struggling to get financial information on their business.  Our clients have been trying to get us their data but it just wasn’t showing up.

Now, maybe you can run your construction company without proper financial management but few can. Fortunately for our client, they’ve been able to get away with it. They’re in pretty good shape. How good of shape they’re in is still up in the air, but they’re not hurting.

Their struggle with their accounting service is common. In my mind, a professional accountant should ensure:

1. Their client understands the story told by the financial statements.

2. Their client is looking at the proper interim reports to ensure income is out running expenses.

3. Their client receives timely information.

Our client’s outsourced accounting team had not achieved any of these three objectives. To be honest, client was helping the situation any because they hadn’t set clear expectations for their accountant. We are correctly that quickly.

The owners have been focusing on work schedule, work quality, and customer satisfaction. And they have been keeping their customers exceedingly happy in doing so.

Luckily, their gross profits were big enough to keep their financial house in order.

All we have to do is set their expectations higher.  Their actually quite lucky in that their accountant can meet their needs. Often, contractors discover their accountant is just not cut out for construction accounting.

Can’t tell you how many times I recommended that my clients change CPAs. They just weren’t performing the role my clients needed.

Is yours?

Is your CPA providing the coaching and reports you need to KNOW WITHOUT A DOUBT your firm stands on solid ground?

If not, go hunt down one who understands construction, contractors, and their role in helping you become a financial management ace. If you can’t find one, get in touch with me. One or more of my contacts may be able to help you.

Until we next chat…

Ron