Bank Inspections
Whenever a project is financed via a small business loan, a third-party inspection firm is typically required to conduct a monthly progress check at the project site once construction begins. This monthly inspection is used to confirm the contractor has billed the client accurately for the work completed at the project site. After our inspection, we complete a report and submit it to the lender. Because we’re an unbiased third party, this report holds a lot of weight and grants the lender the confidence to release funds to the contractor. (Or not, in some cases!)