Ive never done business loans before, just mortgage and personal. Do lenders consider contracts to be future revenue?
Where is the best type of lender to look for with no business history? The local lender with the mortgages and local personal loans? National lenders? What about if 2021 deatroyed your personal credit to a fair rating, is a business loan even an option even with a contract exceeding the loan amount by 80 percent? Is the sba an actual resource to invest time into for starting something up, or is it like BBB. Aside from the loan question, when getting into underground work (laying pipe, and cablework) what expenses outside labor, insurance, maintenance(vehicle, equipment, staff lodging/per diem, fuel, etc), tax/workmans comp, etc do you come across? If you dont own the duct.
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