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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. 4 You have no access to a construction accountant, not even for quarterly check-ups. #5

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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.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The remodel contractor uses a form of "Cost Plus" or "Not To Exceed" to provide the homeowner with scope of work and a contract price the bank needs in order to finance the construction. Then it will take a while for the bank inspector to review the project and approve the draw. The Solution.

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

This is a special type of bookkeeper who BS's their way into a job as a construction bookkeeper with little or no construction accounting skills and in a short time find themselves in over their head with no way out except to keep the game going until they are discovered. At that point he knew something was very, very wrong.

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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! Most of our contractor clients will listen carefully and thoughtfully when we offer advice and words of wisdom because they know, like and trust us and are aware that everyone on here at Fast Easy Accounting have many years of "Real World Construction Experience", not simply academic egg-heads.

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Home Builder Success and the Fragility of Good Things

Pro Builder

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? Finance and Zebras . But a bit more study was required. .

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Have we reached the point when the AEC industry starts redesigning fast-food menu items?

PSMJ Resources

The credit crunch that originally hit small AEC firms hard in 2008 and into 2009 is now hitting medium- and larger firms, as witnessed by the abrupt December closing of Boston-area architecture firm Cubellis and this week's news that Memphis architecture firm Looney Ricks Kiss has filed for bankruptcy. Read that last sentence again.