construction

Writing Your Construction Business Plan: The Definitive Guide

A construction business plan is an important document that showcases your company’s objectives and your strategies for growth. Whether your construction business is a startup or a more established enterprise, you may find yourself in a situation where you need to develop and present a construction business plan. If you’ve never written one before, you’re…

Could High Lumber Prices in 2021 Affect Your Small Business?

While the economy recovers from a global pandemic and recession, lumber prices in 2021 are skyrocketing. Earlier in March, lumber prices in 2021 reached record high levels of $1,040 per thousand board feet. As of Q3 in 2020, lumber prices averaged around $761—meaning the rise in prices has been quite substantial. Many construction and manufacturing…

How 2021 Steel Price Increases Could Affect Your Small Business

This blog post was last updated on January 20, 2021 to include new information about steel availability following recent lockdowns in China. Between the global pandemic and an economic recession, 2020 was full of unexpected surprises. While construction initially slowed down due to restrictions, business began ramping up as lockdowns lifted. If price forecasts for…

The Winter Slowdown: How Construction Business Loans Keep You Afloat

This post was last updated on Monday, November 4th to include information about the best construction financing options for the winter! Whether you like to admit it or not, the weather can have a significant effect on your bottom line in the construction industry. Construction business loans can play an important role in helping your…

New Exoskeleton Gives Construction Workers Super-Human Strength

Later this year, Sarcos Robotics will release the Guardian XO: an exoskeleton robot suit designed to give construction workers superhuman strength. Not unlike something from the pages of an Iron Man comic, this latest advancement in construction technology will be used to easily lift materials far beyond the limits of human strength, as well as improve worker…

8 Exciting Trends in Construction to Prepare for in 2019

The construction industry is growing and evolving at breakneck speeds. Learn how to adapt to exciting trends in construction before 2019 to get a leg up on the competition, and take full advantage of the rising demand contractors are facing across the US! 8 Exciting Trends in Construction to Prepare for in 2019 Rising Demand…

Tonya Uses Construction Empowerment Loans™ to Build Success

“There’s been a real problem for women entrepreneurs who need financing in the US for some time now,” says Tonya Mullins, a general contractor in Massachusetts. “Personally, I’ve been seeking funds to get the equipment and workers needed to take on bigger projects for years, but lenders have never taken my plans for growth as seriously…

The Ultimate Price Guide to Backhoe Financing

Do you need a new backhoe or backhoe loader, but don’t know where to start? Check out this pricing guide for renting vs. purchasing backhoes categorized by size and type. Then, we’ll dig deeper to help you decide whether purchasing or renting a new or used excavator be the most cost-effective method of financing for…

Commercial Construction Loans for Bad Credit Borrowers

With the construction industry predicted to face a giant surge in business during the spring and summer months, it’s no wonder why increasing numbers of contractors across the country are seeking commercial construction loans. However, traditional lenders have made it notoriously difficult to obtain construction financing for those with bad credit. Banks in particular have been…

Drones in Construction: Are They Worth It?

The use of drones in construction is on the rise, due new software made specifically to help construction companies and contractors complete projects faster, and with greater accuracy. Contractors and construction companies who use drones are saving an enormous amount of time and money, and completing more projects faster as a result. But is the…