Remove Banking Remove Debt Remove Insurance Remove Management
article thumbnail

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. 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. What Is a Business Credit Score?

Debt 52
article thumbnail

4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Learn More. Ability to absorb losses.

Risk 52
professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. What little of it I have seen makes me very upset because I see the damage caused to contractors making management decisions on inaccurate reports. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll.

article thumbnail

Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles.

article thumbnail

Optimize Vs. Maximize Construction Company Production

Contractor Bookkeeping

To paraphrase Dr. Deming 97% of all problems are common causes that when management understands and fixes them profits can double and triple almost immediately. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If It is all about having a Strategy That Works!

article thumbnail

Pity the fool - The Business Facilities Blog - Economic Development.

Business Facilities

The flaw, he explained, was that the banking giants had failed to regulate themselves, causing the intellectual edifice of the modern risk-management paradigm to collapse. So Alan Greenspan is shocked, shocked, that unregulated banks might get so greedy that they would act irresponsibly.

Debt 40
article thumbnail

West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Learn more at www.westvirginia.gov or contact one of our business managers at (304) 558-2234. . Working capital loans and the refinancing of existing debt are not eligible. This program insures up to 80% of a bank loan for a maximum loan term of four years. West Virginia is a prime location for global businesses.