Thanks to our friends at FundingGates for the opportunity to appear on their blog as a guest contributor. Our first post there is an introduction to the mechanics lien for their readers, but is a great overview for anyone of how a mechanics lien can help their business get paid.
Here is a quote from the post:
The building materials supply and construction industries are some of the most financially vulnerable in the nation, owning high debt ratios, low margins and excessive failure rates. What can your company do to avoid bad debt and financial strain if in these industries? This article introduces you to the mechanics lien instrument and explains how it can help your company collect every time.
Read the entire over on FundingGates: What Is A Mechanics Lien and How It Can Help Your Construction Business Collect.
Earlier this month, Meredith Wood from Funding Gates contributed a guest post here on the Lien Blog titled the 8 Do’s and Don’ts of Receivables Management. And stay tuned for more interaction between Zlien and FundingGates, two great companies helping companies manage receivables and the credit and collections process.