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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank

Levelset

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. And when they are approved, they often don’t get the amount of funding they need.

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How to Deal with Extended Lead Times and High Material Costs

Levelset

According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). . They just needed some cash flow support, and Materials Financing was the perfect partnership. . Learn More.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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Starting And Operating A Small Construction Business On Limited Funds

Contractor Bookkeeping

Juggling existing financial commitments such as a mortgage or bank loan could put a squeeze on your business plans. Freelancers in all industries deal with the same problems due to the nature of their work. Many entrepreneurs use creative thinking and shrewd planning to get businesses off the ground with the smallest budgets.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Speed Up Receivables. Use Financing to Provide a Cushion.

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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

How to deal with higher labor costs. Higher labor costs can put a real crunch on your cash flow during a prevailing wage job. Keep a close eye on your project cash flow to ensure you have enough on hand to pay all your bills and still pay your workers on time. Public projects are notorious for long payment delays.