Rayneau Speaks To The 0% Contractor Financing Package

“The heights that great mean reached were attained by early mornings and really, really late nights. His name has forever been mixed with sand, stone and cement. He started off pushing an ice cream cart, today his business is worth millions, and employs over 600 staff, and most of all he is one hundred percent St Lucian. He usually shies from the spotlight, but this episode of untold stories, Rayneau Gajadhar sits down to have a tell all interview from humble beginnings to massive accumulation of assets, to $46M of debt, to the explosion that rocked St Lucia and his business,  and most importantly he reveals the blueprint of progress for the RG Group of Companies.”

The above paragraph depicts the introduction Dale Elliott coined in a documentary entitled “Unbridled Ambition” from his popular series “Untold Stories” in which he delved into the business life of St Lucia’s #1 entrepreneur - none other than our very own Team Leader, Rayneau Gajadhar.

In this post we look at a section of this documentary which deals with the rationale behind Rayneau’s thinking when he introduced the “ 0% Contractor Financing Package” as he describes it in “Unbridled Ambition.”

Dale, posed the question. “…..you were getting into construction financing, not only for the government but for individual contractors. Tell me the rationale for that?” Rayneau in his typical passionate manner said that it was a hassle for small contractors to get financing for their projects at the time, and actually he did not want to bid against the small contractor so that is what actually prompted him to start the Contractor Financing Package.

Rayneau continued, "Any contractor……….who gets a contract from government, I will give them all the material, I will give them cash to pay their workers. I’d basically finance the job for them and I would wait until government pays to get my money and I give them the difference." (See Video below)

“That is unheard of Ray. It’s absolutely unheard of.” Dale remarked as he could not believe what he had just heard. “Some will say you are feeding the same sharks that will come back to bite you. What would you say? Dale pressed Ray.

“I feel good that I can help the small contractors, [and] I think they are very happy with the service they get from us.” Rayneau replied. He went on to express the view that many of these persons who get jobs are not really contractors and they really don’t know what to do. 

The Contractor’s Financing Package is still available from any of Rayneau Construction and Industrial Products Ltd branches at Corinth, Vide Bouteille and Monchy.  Come in or call 450 – 7247 and speak to one of our customer service representatives.

Source:  https://www.youtube.com/watch?v=FcP6OyvU-KQ&t=1539s