Small Construction Businesses

Small contractors are often caught in a vicious cycle that prevents them from obtaining surety credit. They are unable to obtain surety bond credit because they often lack the net worth and working capital to overcome stringent surety underwriting criteria. Small contractors are unable to build the requisite net worth and working capital because they can’t land the profitable projects without providing surety bonds. This cycle frustrates the small contractor, which generally has skilled construction trades people, but often lacks the sophistication to create a business model marketable to surety companies. Broadlands breaks this cycle by providing opportunities for contractors to work without surety bonds and by providing a business model for obtaining future surety credit.