Gear Up for the Big Game | New Football T-Shirts, Hoodies, Hats, Beanies, Flags and MoreSHOP NOW

The Barstool Fund - Broads Management

Up next: Broads Management (Jersey City, NJ)

Broads Management is a female-run construction company in Jersey City, New Jersey. This company specializes in construction management, interior renovations and real estate development.

CLICK TO DONATE

CLICK TO DONATE

Reader Email

Here's my story:  I'm a 47 year old, independent, single Mom who owns a small, Female run, Construction Company in Jersey City, NJ called BROADS MANAGEMENT.  7 years ago I became a Real Estate Agent and built my RE group from the ground up, on my own.  During that time I sold lots of old homes here in JC that needed tons of work and would refer General Contractors to my Buyers.  90% of the time the contractors would do crappy work, not finish the jobs or rip my clients/me off.  So 3 years ago, while putting my kid through private high school and national hockey and working full time as an RE Agent, I also got my GC's license, started BROADS MANAGEMENT LLC, and decided I would do these renovations myself for my clients. To date, I am the only Female Construction business in Jersey City and offer females trades-workers/minorities the opportunity to work in an accepting environment.

Since then, I have successfully renovated or built over 35 homes/condos, increased my business by 25% yearly, employed 4 full timers, 7 laborers and own all my own equipment and truck. I have done this and built this business without ANY debt/loans/investors/partners to date, using ALL of my own RE commissions to sustain Broads, working 7 days a week, 18 hours a day.

We were doing great until the virus hit and since then more than 75% of our projects had been put on hold do the various City shut-downs, financial issues the clients have or just plain fear from our clients of having my workers in contact with them.

I had to lay off my laborers in October (many who have families and are not be able to claim unemployment due to their "status") and I can no longer pay my full time folks.  We recently had our health insurance cancelled and my business insurance is next (in construction that's a death toll-idiots sue GCs a lot and we need our coverage).  Right after that will be my work trucks insurance…and rent is due in 2 days.

I have worked tirelessly to raise my credit in the last 2 years and was there, only to have it plummet these last 4 months.  So now I can not qualify for the SBA loans offered because I do not have enough/good credit at this point.   I have sustained these last 2 years with only 3 credit cards and less than $3k in debt and now I'm getting screwed because I DON'T owe tons of money to creditors.  The system is ass-backwards.

I was FINALLY living my American Dream after 20 years as a single mom, 2 jobs, building my businesses from the ground up on my own to leave some kind of legacy for my son and females in general…I was almost there-and had done it all on my own.  And then COVID hit.  

We will be able to start up again once the clients feel safe-and the City Departments allow us to work- if we can make it there.  We just need a bridge to pay our overhead- and insure my crew and their kids do not starve.  Thanksgiving and Christmas were really awful for most of us but I did provide meals and a toy per kid for my workers' families.  

When I saw you started this fund I posted it on my LinkIn page-its been the most viewed article on my page to date. Like I say, if you want something done, do it yourself- and you are bringing life saving help to so many small businesses like mine.  Literally life saving.