Portland, Maine-based BlueTarp Financial entered into new credit-program partnerships with McKenzie Building Center in Watford City, N.D., and Builders Warehouse in Denver entered into partnerships with Portland, Maine-based BlueTarp Financial.
Both McKenzie Building Center and Builders Warehouse are now collaborating with BlueTarp on customized in-house financial programs. The programs bring guaranteed cash flow, risk reduction of contractor payments and marketing services that will help increase sales. The credit lines will streamline transactions and improve store connections with contractors, according to BlueTarp.
Strong growth for both companies factored into the decisions for both companies.
"Here in Watford City, we are located in the middle of the current oil boom happening in North Dakota,” said McKenzie Building Center CEO Eric Sparrow, whose company has seen a 300% increase in sales over each of the past two years. “As our local population continues to grow, so does the demand for materials to build affordable housing. I wanted to make sure that as a company, we had a professional organization making the credit decisions for us, and the ability to offer large lines to meet the needs of our customers."
"Our decision to partner with BlueTarp was simple -- growth,” said Builders Warehouse owner Myron Andersen. “By entering into this partnership, we have put ourselves in a position to keep up with the increasing demand for building materials from the contractors we serve."