More Contractors Tapping Credit Cards, Retirement Funds for Cash Flow

By Jordanne Waldschmidt As bills and payroll pile up, some general contractors are resorting to risky ways to make ends meet while they await payment. A new report from construction finance software provider Rabbet found the number of general contractors using retirement savings to float payments for their business has increased 8.5 times in the last year. It’s a move that has serious consequences for both business owners and the industry at large. But it’s not just retirement funds that contractors are dipping into. READ FULL ARTICLE>>