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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.
Yet, here we are, with strong sales, great cashflow, abundant profits, and not enough people to build the homes. . debt-to-GDP ratio was considerably higher during World War II than it is today, and you never hear anyone suggest we overspent fighting Hitler and Tojo. By way of comparison, the U.S.
Cashflow and Profit is not accident, it is a result of deliberate action. None of my contractor friends who are in debt up to their ears do it. ( New, remodel, service and repair? #3 PRO: Prior Planning Prevents Poor Performance. When you take a vacation you plan for it. When you buy a truck or a tool you plan for it.
Yet, here we are, with strong sales, great cashflow, abundant profits, and not enough people to build the homes. . debt-to-GDP ratio was considerably higher during World War II than it is today, and you never hear anyone suggest we overspent fighting Hitler and Tojo. By way of comparison, the U.S.
This allows many companies to recover investments more quickly, significantly reducing personal property’s full cash value, and taxes owed, over five years. Additionally, the company must demonstrate that it can service the debt. Applicant must have 10 percent equity in cash for the loan. TAX INCENTIVES.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. Applicant must have 10 percent equity in cash for the loan.
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