Remove Banking Remove Inventory Remove Liability Remove Resource
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 178
article thumbnail

Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Working capital measures the difference between a construction company’s current assets and current liabilities. 3 types of capital for construction. Debt capital.

Debt 97
professionals

Sign Up for our Newsletter

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

article thumbnail

West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Indirect Loans: The West Virginia Economic Development Authority provides a loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing. This program insures up to 80% of a bank loan for a maximum loan term of four years.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Resource Center. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. The fact is we need to get rid of this inventory before demand will increase. Public Exposure and Liability on Construction Sites. Accounting & Finance.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Inventory is exempt from property tax. Eligibility requirements include: Headquartered in Alabama or will be relocated to Alabama.

Income 108
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Resource Center. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. The fact is we need to get rid of this inventory before demand will increase. Public Exposure and Liability on Construction Sites. Accounting & Finance.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75