daveyclimber
New member
- Joined
- Feb 20, 2011
- Messages
- 8
So, I have been bidding many state and federal mulching jobs but my biggest hang up is funding the project. I have succesful experience on contracts as large as 500 acres and as small as 45 acres. I have typically funded the previous projects out of pocket or borrowed seed money from family in the past but the way my tree business has been this year leaves no capital to fund a large contract if awarded to me. I habe no experience but do understand the principals of invoice factoring and generally do recieve progress payments but neither are suited to my main issue which is funding the initial mobilization and startup costs to be able to generate an invoice. Banks are out, they take too long to ultimately decline funding as we are already in mulching season and most solicitations have already went out. Ultimately, I would be in need of 50-75k for startup to fund the projects larger than 1000 acres. How do you folks fund these large projects?