Letter of Credit ArticlesRSS feed for this section

Credit-Departments-and-Sales-Departments

Credit Management: Credit Department v Sales Departments – How Everyone Can Get Along

Running a successful business can be full of complications, but your company’s bottom line really boils down to doing two things well: (1) Acquiring clients; and (2) Getting paid for what you do. It’s that simple. Or is it? This article examines the balancing act required for companies to perform both of these tasks well, […]

Read full story Comments { 4 }

High Debt Ratios In Building Supply Industry Means High Risk – Can You Control The Risk?

Anyone in the building materials and supply industry knows that managing credit and debt is one of the company’s primary challenges. ¬†This is no industry secret, either. An enourmous amoutn of materials are furnished to projects and contractors on credit, and as a result, the industry has one of the highest debt ratios (behind only […]

Read full story Comments { 4 }

How Can I Secure Payment If There Are No Lien Or Bond Rights On The Project?

This blog’s focus is traditionally on mechanics lien and bond claim laws. When providing services, materials or labor to a construction project, I feel it’s best to understand and utilize the lien-like remedy available to those furnishing. It provides security for the credit you’re extending to your customer. However, when working with folks in the […]

Read full story Comments { 4 }