Kingdom Bonding

Ever wondered why we're called 'Kingdom'? Time to let the cat out of the bag. Our name 'Kingdom' comes straight from the bible verse Matthew 6:33, a line that's close to our founder's heart and faith. This verse says, 'But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.' See our lion logo? It's in respect to the lion of Judah, or Jesus Christ, the lord and savior in our founder's life. When you spot our logo, we want you to be filled with bravery, courage and strength, knowing you've got this, you can overcome whatever comes your way. We know the bonding process can seem like a load to carry, especially if it's your first rodeo. But, we're here to help our contractors feel empowered, strong and ready to evolve from industry newcomers to industry leaders. By learning the simple process of being bondable, doors swing wide open to multi-million opportunities. And these opportunities can help break any previous cycles of poverty and establish generational wealth. In the end, it's all about achieving the American Dream and making a positive impact that you're called to do. Now, are you ready to join us on this journey? #construction

As Thanksgiving approaches, Kingdom Bonding is grateful for the opportunity to serve our clients and make a positive impact on our community. We're thankful for the relationships we've built and the trust you've placed in us. Here's to continued growth and success in the coming year. Happy Thanksgiving.

Do Bonding Companies Perform a Soft or Hard Pull on Your Personal Credit????? Ever feel like those bonding companies are peeking into your soul when they assess your credit? You're not alone. Contractors constantly?ask: hard pull or soft pull, what's the real deal??Fear not, because today we're spilling the secrets and clearing the air. ? Picture this: you're bidding on a dream project, but a nagging worry shadows your enthusiasm. Will that bonding company credit check tank your score and sabotage your chances? ? Relax! Here's the juicy secret: bonding companies almost always do a?soft pull, which means your credit score stays squeaky clean, untouched by the inquiry. It's like peeking at a gift without unwrapping it – no harm done! ? But hold on, there's more to this story. Let's differentiate the good (soft pull) from the not-so-good (hard pull). ? Soft Pull vs. Hard Pull: Soft Pull: Think of it as a harmless credit report "peek" by the bonding company. Doesn't affect your score – phew! Stays on your report for a while, but lenders don't see it, so no sweat. Hard Pull: Happens when you actively apply for new credit, like a loan. Can cause a small, temporary score dip. Multiple hard pulls in a short period raise eyebrows, so pace yourself. Insider Tip:?Keeping your credit report sparkling is like maintaining your best tools – crucial for success! I personally use?Credit Karma?to keep an eagle eye on mine, but your bank or?freecreditreport.com?are also trusty options. Remember, a healthy credit score is your golden ticket to the financial opportunities your construction firm deserves. ? Now that you're armed with this secret knowledge, don't let credit concerns hold you back! Take action today, secure your dream projects, and watch your business flourish.? ? Knowledge is Power:?Want to dive deeper? Here is an intel resource: Experian:?https://lnkd.in/eeCJayKv ? P.S.?Share this secret with your crew! The more informed we are, the stronger the construction community becomes.

This Veterans Day, we honor the brave men and women who have served and are serving our country. Your sacrifices have shaped our nation and continue to inspire us. We deeply thank all veterans, especially the veteran-owned construction businesses that build our communities. Your dedication to service is a testament to your unwavering commitment. Thank you.

Two Financial Red Flags That Can Sink Your Bonding Request ???? Ever wondered why your bonding request might be getting a cold shoulder? It's not personal; bonding companies are simply looking out for your best interests. ? Let's dive into two financial red flags that can raise eyebrows and potentially derail your bonding journey. ? The Lowdown on Cash and Credit: When bonding companies review your financials, they're laser-focused on two key areas: cash reserves and your line of credit. These two factors paint a vivid picture of your company's financial health and its ability to weather storms. ? Cash is King: A low cash position can raise eyebrows for two main reasons: ????Poor Cash Flow:?Difficulty collecting invoices can leave your coffers dry. ????Overextended Projects:?Too much money tied up in ongoing projects can strain your finances. Why does this matter to bonding companies? Imagine a project goes sideways and requires extra funds. If your cash reserves are low, it could lead to a payment bond claim, putting both you and the bonding company at risk. ? Line of Credit: A Lifeline or a Warning Sign? A bank line of credit can be a lifesaver, providing a safety net during tough times. But it's a double-edged sword. If you've tapped out your line of credit and your cash position is dwindling, it signals financial distress. This raises a red flag for bonding companies, as it suggests your company might struggle to handle unexpected challenges. ? ??Remember:?Bonding companies aren't heartless; they're trying to protect you. A rejection isn't a personal attack; it's often a signal that your financial house needs some repairs. ? Solving the Problem: If you're currently facing low cash levels or a tapped-out line of credit, don't despair. There are steps you can take to improve your financial situation. In a previous newsletter, I outlined actionable strategies to boost your cash flow and strengthen your financial position. ? Check it out here ????https://lnkd.in/eUgZh2gH ? Conclusion: Remember, bonding companies are your partners in success. By addressing these financial red flags, you're not just improving your chances of securing a bond; you're also setting your construction firm up for long-term financial stability. Let's make cash the king of your company and unlock the bonding opportunities you deserve.?

Join Kingdom Bonding at the Small Business Evening of Networking with our friends at Metropolitan Washington Airports Authority on Wednesday, November 6th, 5pm-8pm Event Details: Location: Reagan National Airport, Historic Terminal 1 2401 Ronald Reagan Washington National Airport Access Road Arlington, VA 22202 Topic: The Metropolitan Washington Airports Authority, in collaboration with the Metro DC HispanicContractors Association, Maryland Washington Minority Companies Association, the National Association of Minority Contractors, Inc. Contractors (DMV), and the American Subcontractors Association of Metro Washington, invite you to an exciting evening of networking! Join us to connect with some of the largest builders in the region and explore valuable opportunities for small minority, Hispanic, and immigrant-owned construction firms based in DC. Click here to register: https://lnkd.in/gM65Ehz9 Remember if you are not in the room you are on the menu?

Ready to build a legacy of wealth for generations to come? Join us for Bonding 101: Your Journey to Building Generational Wealth on October 20, 2024, from 12:00 PM to 1:00 PM! Hosted by Neb Aynu, Founder & Owner of Kingdom Bonding, this webinar will give you the tools, insights, and strategies to create financial security that lasts. Don’t miss out on this opportunity to invest in your future. Register now at https://lnkd.in/g2hHbCdj #GenerationalWealth #FinancialFreedom #WealthBuilding #KingdomBonding #Bonding101 #Webinar

Join me virtually on October 30th at the Govcon Giants Federal Help Center when I speak on "Bonding 101: Your Pathway to Generational Wealth." Bonding may be a foreign concept to many, and lacking knowledge in this area can prevent you from seizing multi-million dollar opportunities. That's why Eric Coffie and I are committed to providing you with a platform to learn, ensuring that no opportunity is out of reach. Click here to register ???? https://lnkd.in/eykMCZFq Remember, knowledge gained is knowledge multiplied. Let's get after it.

A Bank Line of Credit Could Be Your Construction Biz's Secret Weapon. Here's Why: We all know the drill: projects stretch on, payments lag, and suddenly, Peter and Paul seem to be living on Pluto instead of paying their net 30 invoices. It's a frustrating reality we all face, but fear not! Today, we're diving into a secret weapon that can keep your construction kingdom afloat even when cash flow turns into a slow-motion river: the bank line of credit. ? Why is this a game-changer??Think of it like an emergency fund on steroids. Here are three reasons why a bank line of credit could be your construction biz's best friend: ? 1. Cash Flow Fortress:?Imagine this: you land a juicy project, but your bank account is a barren wasteland. Materials need buying, equipment needs renting, and payroll looms like a hungry dragon. A bank line of credit steps in, letting you tap into a pre-approved pool of funds to keep the project rolling. No need to raid your emergency stash or beg for early payments – your cash flow stays safe and sound, like a king tucked away in his castle treasury. Action Step:?Befriend a local credit union or bank like TD or M&T. Look for a construction-savvy banker who speaks your language. If you need a referral, happy to share my resources. 2. Bonding Booster:?This is where the magic happens. The?SBA Bond Guarantee Program?loves working capital, and guess what? Your available line of credit counts! Action Step:?Get that line of credit ASAP! If you already have one, ask for an increase. And while you're at it, talk to your surety agency about the SBA Bond Guarantee Program. If you need a referral for a surety agency,?I know of one ?? 3. Rainy Day Savior:?Remember that saying, "Prepare for the worst, hope for the best"? It rings truer than a perfectly tuned bell in the construction industry. Banks are like weathermen – they get nervous when the storm clouds of financial need gather. So, get your line of credit while the sun is shining! Action Step:?Build that banking relationship! A friendly banker who knows your business is invaluable when you need that line of credit most. Here’s a secret hint:?If you don’t qualify for the conventional standard banking route to obtain a line of credit for various reasons as we small businesses face, You can tap into utilizing our friends at?Mobilization Funding?and?Scott Peper?to get your project off the ground. Scott and his team have done a great job with our contractors to get the mobilization funding off the ground when banks couldn’t come through. I had the pleasure of being a guest on Scott’s?Construction MFer’s?podcast earlier this year regarding?Bonding and Ca$hflow?and how they directly correlate. Catch the full podcast episode below ???? ????YouTube:?https://lnkd.in/es3wP2b6 So, Friend, don't let the banker blues chain you down. There's a whole world of funding options out there, waiting to be explored! Now go forth and conquer those cash-flow dragons.

Join me virtually on October 30th at the Govcon Giants Federal Help Center when I speak on "Bonding 101: Your Pathway to Generational Wealth." Bonding may be a foreign concept to many, and lacking knowledge in this area can prevent you from seizing multi-million dollar opportunities. That's why Eric Coffie and I are committed to providing you with a platform to learn, ensuring that no opportunity is out of reach. Click below to register. Remember, knowledge gained is knowledge multiplied. Let's get after it. https://lnkd.in/eykMCZFq