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Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction companies need a solid understanding of capital to run a successful business. .

Debt 97
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. There are several steps you should take now to prepare for a successful transition to the new standard: The first step is to: Build an inventory of your leases. Determine how to account for each lease. Visit www.cicpac.com. .

Leases 177
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West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Working capital loans and the refinancing of existing debt are not eligible. Loan proceeds may be used for any business purpose except the refinancing of existing debt. The exemption does not apply to inventories of raw materials or goods in process. Loan proceeds may be used for the acquisition of land, buildings and equipment.

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State by State Incentives Guide

Buisness Facilities Contributed Content

It allows for the construction of roads, bridges, etc. Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. It allows for the construction of roads, bridges, etc.

Income 75
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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Freeport Inventory Benefits: Exempts from taxation goods, wares and merchandise that come from outside the state and leave the state within nine months if such goods, wares and merchandise are held for assembly, storage, manufacturing, processing or fabricating purposes within the state. AND Employ at least 100 full-time employees.

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New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Loans may be used for, but not limited to: upgrading display lighting, advertising and promotion, payroll for additional staff and training, purchase of computers to enhance inventory control, and the purchase of display cabinets, furniture and fixtures. Fixed asset loans of up to $20,000 for terms not to exceed seven years.