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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

Add in being denied a bank loan, and the frustrations mount. With your back against the wall, dipping into your personal bank account may feel like an easy solution. In this article, we’ll share five ways you can increase your cash flow when the bank denies you access to the money you need to start or grow your construction company.

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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building.

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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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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Resource Center. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Banks are attracted to profitable business.

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The 3 Most Important Hires for Increasing Sales

Pro Builder

However, don’t hire a sales team without proper management and training. Make sure you have a management team that can find, recruit, train, and onboard sales consultants. Having a strong sales team in place can also make obtaining financing easier. Human Resources. Human Resources. Business Management.

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Types of Capital for Construction Businesses

Levelset

Joshua Leyenhorst, a CPA at BasePoint who has worked with many construction companies, defines capital like this: “Capital is all of the financial resources available to start or maintain a construction company, including working capital, debt capital, and equity capital.” 3 types of capital for construction. .”

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Adding Efficient Construction Management and LEED Certification to Lower Operating Costs

Constructonomics

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.