Bank loan as a source of coating the need for bad debts
Since 2008, sources of coverage of working capital need have changed in many construction companies in the regions of the Russian Federation.
The current regulatory documents as the main source provide for bank loans. The main object of lending was the costs of incomplete production of construction and installation works. In general, the share of bank loans increased to 25.2%, at the same time, the share of its own working capital of contractors for the period 2008-2010. decreased from 42% to 14%.
In the Glavmosoblostro, the share of incomplete construction production, covered by bank loan, is currently 98%. Even contextual advertising does not help, attracting a pretty good number of customers to the company. The gap between income and losses in the crisis years is too large.