Pro Builder

OCTOBER 12, 2022

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Like a personal credit report, your business credit report allows prospective lenders to assess your risk level as a borrower. What Is a Business Credit Score?

Debt 52

Debt Finance Risk Bankruptcy 52

Levelset

JULY 5, 2022

Credit bureaus can collect public information from state and county courts, including bankruptcies. Overdue debt that has been sent to collections also influences your score. EquiFax also provides three business scores: a payment index, a credit risk score, and a business failure score.

Lien 96

Lien Legal Bankruptcy Claims 96

NH Construction Law

MAY 28, 2018

The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors. But hey, who ever said that general contracting was risk-free? I generally do not recommend this except as a last resort.

Subcontracting 40

Subcontracting New Hampshire Lien Insurance 40

Contractor Bookkeeping

MARCH 7, 2013

He needed help deciding to close his business, file bankruptcy and go to work for a competitor as a superintendent or turn his business around and make a go of it. Later that day he tried using his credit cards to buy gas and they were all declined. At that point he knew something was very, very wrong.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Construction Lawyer

SEPTEMBER 22, 2005

In other words, you use the stuff we post here at your own risk. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Waivers of liens: fraud.

Lien 40

Lien Illinois AIA Chicago 40

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Additionally, the company must demonstrate that it can service the debt. Eligibility requirements include: Headquartered in Alabama or will be relocated to Alabama.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The second mortgage, long-term, fixed-rate financing allows banks to participate in business expansion by reducing risk exposure. The program ends December 2016.

Income 75

Income Finance Zoning Equipment 75