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Should you extend credit?
September 14th, 2015
Fabricators stress caution when extending credit to customers. On the surface, it sure seems like a slam-dunk decision for a marine fabrication shop to not extend credit to customers. “Let’s see, when you write off thousands and thousands of dollars—maybe even $100,000 over the 30-year life of the company—you start to think about giving anybody […]
Credit: Almost a four-letter word
September 1st, 2015
Fabricators take a dim view of extending credit to customers... sort of. On the surface, it sure seems like a slam-dunk decision for a marine fabrication shop to not extend credit. “Let’s see, when you write off thousands and thousands of dollars—maybe even $100,000 over the 30-year life of the company—you start to think about […]
Thinking about a business loan?
May 1st, 2015
Where to find money in a tight economy By William J. Lynott Credit is the oil that lubricates the machinery of business. Whether it’s a loan to buy inventory or supplies, to support expansion, an equipment purchase, or just the need for a short-term loan to meet payroll or other operating expenses, most marine fabricators […]