Contractor reserves for start up

[Tyree Riley]

Hello Everyone, 

I am currently having a difficult time finding a contractor that is okay with the 203k construction loan process. With this sort of funding there is no upfront money for the project so the contractor will have to be able to get the project started with his own funds or lines of credit, so it seems but they are immediately reimbursed for the work that is done. This is to avoid any “walk-offs” or “half jobs” from what consultant told me. This is my first property and every time I explain this to a contractor they immediately decline the job. Is there a way to find good contractors that’s okay with this process of payment?