How Business Credit Really Works for Contractors: Stop Losing Money, Jobs, and Cash Flow

Most contractors don’t realize their business already has a credit file and it could be costing them jobs, cash flow, insurance rates, and commercial opportunities.In this episode of Construction Champions, Ron Nussbaum sits down with Gerri Detweiler, one of America’s leading experts on business credit, to break down how business credit really works for contractors.You’ll learn how to build business credit, how to avoid personal guarantee traps, why some contractors lose profitable bids without ever knowing why, and how to protect your company before you take on your next job.If you want to grow, scale, and protect your construction business, this is a must-watch.What You’ll Learn in This EpisodeHow business credit actually works for contractorsBusiness credit vs personal credit (and why contractors confuse them)Why your business may already have a credit profile you’ve never seenThe biggest mistakes contractors make with vendor accountsHow to build business credit with suppliers and trade linesHow bad information on your report can cost you projectsHow to check the credit of companies you work withWhy personal guarantees can expose you legally and financiallyHow to use business credit to protect cash flow and growthTimestamps00:00 Intro02:11 What makes a construction champion05:25 Business credit vs personal credit explained08:50 How business credit files get created11:45 Why business info gets mixed up and how to fix it15:30 How business credit impacts contractors19:02 The truth about personal guarantees21:49 How to build business credit the right way25:10 Protecting yourself using credit checks on clients and partners29:12 Why contractors get burned on jobs33:40 Final advice from GerriAbout Gerri DetweilerGerri is a nationally recognized expert in business credit, financing, and small business financial systems. She helps contractors and small business owners understand how to build, manage, and leverage business credit to create more stable and profitable companies.http://www.gerridetweiler.comhttps://www.linkedin.com/in/gerridetweilerIf You’re a Contractor, Start HereThis episode will help you avoid bad clients, protect your cash flow, and build a financially strong business that wins bigger jobs.Helpful Resources for Construction ChampionsThese are tools and places we share because they can help you win on the job and in business.Join Our Free CommunityMeet other builders and leaders in our free Skool group.We share tips, training, and real talk every week.https://www.skool.com/mission-elite-ops-5659/about?ref=1a55bdb77dba443485258ad567edbb23LiveSwitch — Easy Jobsite VideoI am an ambassador for LiveSwitch because it helps you record clear video on the jobsite.Use it to track progress, do walkthroughs, and protect your business if questions come up later.It is simple, fast, and made for real work in the field.LiveSwitch (Jobsite Video Tool)https://join.liveswitch.com/construction-championsListen on Wreaths Across America RadioHear Construction Champions on national radio.Mondays at 2pm ET and Saturdays at 8pm EThttps://www.wreathsacrossamerica.org/Newsroom/WreathsAcrossAmericaRadioConnect with RonLinkedIn: https://www.linkedin.com/in/ron-nussbaumBuilderComs — Better Client CommunicationBuilderComs helps construction teams keep all client messages in one place.No more missed calls or lost messages.Clear, simple, and built for construction.https://www.buildercoms.com/Construction Champions Podcast WebsiteSee all episodes, guests, and updates.https://www.constructionchampionspodcast.com/