Construction Accounts Receivable Financing: Turn Receivables into Cash
According to the 2019 Construction Payments Report from Rabbet, slow and floating payments cost the construction industry $64 billion in 2019. Why? While waiting on payments, contractors have to slow progress, or stop working on projects altogether. A lack of cash makes it difficult to pick up new jobs. Unfortunately, subcontractors don’t get paid onRead More
HVAC Business Loans Are Helping Contractors Earn Higher-Ticket Jobs
Scaling your HVAC business the right way is all about taking advantage of every seasonal opportunity. Keeping your business moving throughout the year means: planning strategically, managing your cash flow correctly, and marketing effectively. But it may not be enough to take your business to the next level. That’s where HVAC business loans come intoRead More
The Winter Slowdown: How Construction Business Loans Keep You Afloat
This post was last updated on Monday, November 4th to include information about the best construction financing options for the winter! Whether you like to admit it or not, the weather can have a significant effect on your bottom line in the construction industry. Construction business loans can play an important role in helping yourRead More
Eco-Friendly Construction Equipment: Can It Save Your Bottom Line?
If you’re facing cash flow issues in your construction company, you’re not alone. A 2018 survey showed 84% of construction firms struggle with cash flow, and 19% cite it as a “constant” concern. But did you know adopting eco-friendly business practices in your construction company can help fix some of your budget issues? Upgrading toRead More
Construction Financing: Don’t Miss Jobs Because Banks Take Too Long
Maintaining good cash flow can be a catch-22 when you run a construction company. Clients don’t always pay as quickly as you’d like. But on the other hand, you can’t accept other contracts until you have enough money to purchase materials and pay employees. Construction business loans are an option for bringing in cash toRead More
Construction Loans for Builders: Finish Jobs Faster with a Line of Credit
A consistent flow of work is the key to keeping your construction company going. But you can’t take on new jobs if you don’t have the finances available to get started, or cash flow issues delay existing projects. When outstanding invoices and late payments prevent you from meeting deadlines, client relationships – and your chancesRead More
New Exoskeleton Gives Construction Workers Super-Human Strength
Later this year, Sarcos Robotics will release the Guardian XO: an exoskeleton robot suit designed to give construction workers superhuman strength. Not unlike something from the pages of an Iron Man comic, this latest advancement in construction technology will be used to easily lift materials far beyond the limits of human strength, as well as improve workerRead More
8 Exciting Trends in Construction to Prepare for in 2019
The construction industry is growing and evolving at breakneck speeds. Learn how to adapt to exciting trends in construction before 2019 to get a leg up on the competition, and take full advantage of the rising demand contractors are facing across the US! 8 Exciting Trends in Construction to Prepare for in 2019 Rising DemandRead More
Tonya Uses Construction Empowerment Loans™ to Build Success
“There’s been a real problem for women entrepreneurs who need financing in the US for some time now,” says Tonya Mullins, a general contractor in Massachusetts. “Personally, I’ve been seeking funds to get the equipment and workers needed to take on bigger projects for years, but lenders have never taken my plans for growth as seriouslyRead More
How to Get Construction Business Loans in 24-48 Hours
When it comes to construction financing, speed and efficiency is everything. That’s why for a limited time, we’re offering construction loans with an expedited funding process that only takes 24-48 hours to fund. Here’s the Thing: They Won’t Be Around For Long The economy is booming for construction businesses, but that doesn’t mean business loanRead More