According to statistics from the United States Census Bureau, construction businesses this summer will most likely have more opportunities coming their way than ever before. With the right preparation, construction businesses could be facing their busiest year yet. Without the right financial plan, contractors could be missing out on what is projected to be theRead More
Many small businesses will run into the need to finance heavy machinery at some point in their existence –– and this is especially true of companies in the construction, medical, or technical industries. And rather than shelling out thousands, and potentially hundreds of thousands, of dollars on costly and highly specialized equipment up front, itRead More
Construction companies face a host of challenges in financing their projects that other industries never have to contend with. Not only do builders have to account for payroll for staff, leasing equipment, and repairs or upgrades to that equipment, they also have to budget to have enough equity to cover any unforeseen hangups a givenRead More
Most construction projects — and virtually all large-scale initiatives — are underwritten by more than one financial source. This is because even the most robust and well-developed financial projections are subject to variances and deviations due to a range of internal factors (e.g. staffing) and external factors (e.g. weather).