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What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral. How construction loans work.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. GCs can also purchase subcontractor default insurance to reduce this risk.

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Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of certain miscellaneous itemized deductions subject to the 2% floor: Under current law, employees may claim itemized deductions for certain miscellaneous expenses. The Tax Bill suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law.

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Must offer basic health insurance to employees within 180 days of employment. Must offer basic health insurance within 180 days of employment. Insurance Premium Tax Credit 
(36 O.S. § For more information contact the Oklahoma Insurance Department. Company must achieve $2.5M new annual taxable payroll within three years.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

1 home builder in building permits and construction value, scaring off every large-volume, multistate production operation that dared enter Ivory’s Wasatch Mountain lair. 1 home builder in terms of building permits and construction value and reaching the milestone, in 2019, of 20,000 homes sold (right). Photos: courtesy Ivory Homes.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The capital credit is used only after all other deductions, losses or credits permitted under Titles 40 and 41 of the Code of Alabama 1975. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments.

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