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ℹ ABOUT THIS EPISODE
Ever wonder why your bonding agent scrutinizes your profitable financial statements like they're hiding serious flaws? In construction, your numbers tell completely different stories to banks versus bonding companies - and understanding this difference could make or break your business growth.
Wade and Stephen break down the critical distinctions between how banks and bonding companies analyze your financials. You'll discover why taking cash out of your company tanks bonding capacity, how working capital calculations differ dramatically between the two, and what profit fades really cost you in credibility.
This episode reveals practical strategies to strengthen your position with both lenders and bonding companies, plus the most common financial mistakes that destroy contractor relationships. Learn how to present your company's true financial strength instead of just looking good on paper.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
