Remove Bankruptcy Remove Lien Remove Remodeling Remove Renovating
article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In addition to materials and labor for painting a new or remodeled building, you need to cover the cost of staff, offices, benefits, and more. Oh, and you do want to make a profit, right?

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes — from simple phone greetings to deciding whether to file a mechanics lien for non-payment. Optimize your website.

professionals

Sign Up for our Newsletter

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

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In the end, your business is a collection of many different processes—from simple phone greetings to deciding whether to file a mechanics lien for non-payment. Optimize your website.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Prevailing wage must be paid to workers involved in the construction or renovation. Funds may be used by large businesses for bondable business activities including financing the purchase of land or buildings, building construction or renovation, and certain types of machinery and equipment.

Income 108