TBS is on a roll. The Oklahoma City-based provider of small business funding solutions surpassed $1 billion in annual funding for the first time since it entered the business in 2004.
Drop a hammer off a high-rise and the impact could be deadly. Stretch a subcontractor out too long on payments and it could have a similarly devastating effect.
According to a recent survey by TSheets, more than a third of construction contractors experience cash problems at least once a month. That’s not surprising considering a 2018 study of working capital by PriceWaterhouseCoopers found that half of construction subcontractors are waiting 84 days or more to get paid – the longest wait of any industry measured.