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Construction Firm Sees Hopeful Future

Podcast recorded: May 11, 2020

Darren and Sarah Hendren, owners of a commercial construction business in Salem, Oregon, discuss challenges of operating during the COVID-19 lockdown. As the economy opens up and restrictions ease, they are optimistic about future prospects.

Lessons Learned

  • Collecting payment from customers and managing receivables has been a unique challenge for construction companies during the lockdown.
  • Despite other restrictions, the state allows commercial construction because workers already practice social distancing.
  • Equipment financing helps small businesses acquire the latest equipment to operate more efficiently and save on maintenance cost and downtime.
  • When applying for a loan from the U.S. Small Business Administration, be sure to have key documents and statements prepared in advance.