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What Your Business Credit Report Tells Lenders

Pro Builder

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Your industry type is also often a factor in your business credit rating, too. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. .

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Does a Lien Affect Your Credit Score?

Levelset

Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest.

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

We took some ribbing last summer when we put up a post in this space entitled “ The Road to Recovery in Detroit ,” predicting that the Motor City would quickly rebound from its financial woes and become a magnet for new industries. The bank will direct half of the $100 million in loans and grants to community projects.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.

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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Their primary function is preparing the annual tax return, performing audits and preparing Certified Financial Statements for bank loans and when a construction contractor requires them before issuing a construction bond. Bank Balance - Un-cleared Checks) = Cash. Certified Public Accountants (C.P.A.) Most C.P.A. Cash On Hand.

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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. Industries that qualify for the CAPCO program may include manufacturing, processing, or assembling products; conducting research and development; or providing services.

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