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How Do Construction Loans Work?

Work Gearz

The builder, lender, and borrower then negotiate the amount and frequency of these payments or draws. When the work gets completed, the builder is paid the last draw, and the cost is transferred to the buyer at closing. Builders will require to provide profit and cost projections along with a list of subcontractors and suppliers.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Lower gas prices are creating more discretionary income to save, pay down debt and spend on travel, eating out and personal services.

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. 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.

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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

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Thailand is a richly nuanced country that draws tourists from every part of the globe but it offers even more than culture, relaxation and nightlife. Thailand also offers the second lowest corporate income tax rate, behind Singapore, in Asia. I found myself marveling at the complexity of the kingdom.