article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Accounting & Finance.

Leases 177
article thumbnail

What Every Business Owner Should Know about Design-Build Construction

Wolgast Corporation

The Clients were educated people who knew a lot about their line of business, but never had an opportunity to learn about construction practices. He or she will then have enough information to know if financing is needed and, if so, documentation to take to the bank to get their loan approval.

Design 62
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is There a Future in Commercial Investment Properties for You?

Wolgast Corporation

Prior to selecting a property and submitting a purchase agreement, you’ll want to evaluate and compare your options to make an educated decision on the best potential. Financing Help. It’s best to get your financial advisor, commercial realtor, and design/builder to work with you and identify a good opportunity. What You Need to Know?

article thumbnail

Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Think of all the times: You loaned money to a friend or relative.

Finance 48
article thumbnail

What Your Business Credit Report Tells Lenders

Pro Builder

It helps lenders assess whether you’re qualified for the loan amount you’re requesting and if you’ve been good at managing your company’s finances. Before applying for a loan or any type of alternative financing, you first need to know where your business credit score stands. What Is a Business Credit Score? The Bottom Line.

Debt 52
article thumbnail

New Jersey Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Governor and provides the business community with a single point of contact, applying a proactive, customer-service approach to businesses’ interactions with State government; the New Jersey Economic Development Authority (EDA), serving as the state’s financing arm; and. FINANCING & GRANTS. million for working capital.),

article thumbnail

Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Education • BS, Architecture, Lawrence Technological University. Education • BS, Medical Sciences, University of Arkansas. Education • BS, Marketing, Louisiana Tech University.