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

Construction Marketing

However, deciding on the right financing type can significantly impact immediate operations and future growth. Read on to learn how to finance a business with either short-term or long-term financing. It’s also designed for quick access to capital and often involves smaller amounts than long-term financing options.

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8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Use Financing to Provide a Cushion. Speed Up Receivables.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Use Financing to Provide a Cushion. Speed Up Receivables.

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. First of all, it’s a document you’ll find yourself constantly referring to as it contains key statistics, such as forecasted sales and company turnover. Legal Documents. Business Plan.

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When to Capitalize Construction Loan Interest

Building Radar

Capitalizing construction loan interest can have significant implications for project budgets, cash flow, and tax deductions. Capitalizing construction loan interest can reduce taxable income and improve cash flow by spreading the interest costs across the asset’s life, which is particularly advantageous in long-term projects.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. Contractors need to pay close attention to detail in their project documentation and draw requests.