Remove Banking Remove Debt Remove Equipment
article thumbnail

How To Finance a Business: Short-Term vs. Long-Term

Construction Marketing

Short-Term Loans: These are loans provided by traditional banks or alternative lenders that are designed to be repaid within a few months or up to a year. Short-term loans can be used to cover immediate operational expenses or take advantage of a business opportunity without committing to long-term debt.

Finance 299
article thumbnail

Commercial Debt Collection – How Do I Collect When A Company Owes Me Money?

Construction Law Monitor

The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. You have a pre-debt fact gathering and document filing stage, as the first phase.

Debt 56
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.

Debt 51
article thumbnail

Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Debt capital. 3 types of capital for construction.

Debt 97
article thumbnail

Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Banking & Credit Crisis. --> Companies. Contractors Are Renting Rather Than Buying More Equipment During Slow Recovery. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Economic Stimulus. -->. Safety & Health. Interviews.

article thumbnail

PACE Programs are Stepping Up the Pace

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, that issued a directive in February 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding first (..)

Lien 120
article thumbnail

PACE Bill Due in Baltimore City

Green Building Law Update

Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g., While Sonoma County was an early innovator, Connecticut has a widely admired statewide green bank program that is up and running and it is the model for Maryland.

Baltimore 120