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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Protect your lien rights.

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Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt.

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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. The Risk Management Association (RMA). A Bit Of History Helps With Understanding.

Finance 48
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How to Avoid Running Out of Cash on a Construction Project

Levelset

In this article, we’ll explore some strategies to help you keep money in the bank. Without incoming revenue to cover those costs, you’ll have to overbill another project to cover them. Being proactive about managing cash flow ensures that you never come close to running out of cash on a construction project. Underbidding.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.” Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000. Managing slow payment cycles.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Narrowing, or even closing, these gaps is the key to cash flow management.

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West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Part of the service includes providing aggressive development assistance in the form of tax credits and financing programs. Learn more at www.westvirginia.gov or contact one of our business managers at (304) 558-2234. . FINANCING & GRANTS. This program insures up to 80% of a bank loan for a maximum loan term of four years.