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Blog
Category Archive: Industry News
Competitive Construction Market Making It Hard for Subcontractors to Stay in Business
2/15/2023 3:46 PMWhen it comes to business, competition is healthy. It has many positive impacts that enable companies to grow and strive to become better and more successful. However, that same competition puts a lot of enterprises out of business. Especially if they cannot match up the advancements and stay up to date, competition renders some companies absolute due to technological advancement.
Tips to Increase Bonding Capacity
2/8/2023 2:33 PMInsurance is an important part of every business, let alone construction. So much so, that when we focus on a construction bond, we are essentially talking about an insurance policy. This policy protects the parties involved in the bond if the work does reach completion, payments are not made, or repairs are not made within the warranty period.
Develop my Paynet Score and Build Good Business Credit
2/1/2023 11:58 AMEntrepreneurs work very hard to get their businesses off the ground. This is an investment that most people would like to have and those who are into business, know that it takes work to make it successful. Apart from the work, business people also need support from financial institutions to ensure they have all they need to improve their businesses.
Logistics, Inventory Control, and Supply Chain Management
1/25/2023 4:48 PMLogistics involves controlling the movement of commodities between the source and the point of consumption to suit the needs of customers or companies. In logistics, tangible products such as materials, equipment, supplies, food, and other consumable things are managed.
Bonding Capacity 101: Simple Steps to Increase Bond Capacity
1/4/2023 4:13 PMThe construction market is expanding and improving every day. Contractors need to increase their bonding capacity to bid on larger projects. Higher bonding capacity helps prove that you are an established business that can complete projects. Bonding capacity helps contractors, like yourself, work through backlog by expanding business opportunities.
Using Asset Equity to Purchase an Additional Business
12/28/2022 2:13 PMEquity financing is the process of producing funds through the sale of shares. Companies gather money for various reasons, including an immediate need to pay bills or a long-term goal that requires cash to expand. When a firm sells shares, it essentially sells ownership of the company in exchange for cash. Potential sources of equity financing include friends, relatives of the entrepreneur, or investors.
When Do I Need a CFO and Why?
12/21/2022 11:00 AMIn any company, finances are one of the most important factors. Your company may not grow or may be forced to shut down if your finances are not in shape. Many businesses lack the expertise and time needed to keep their finances in tip-top shape. In these cases, hiring a CFO can tremendously help.
Why are EIDL Loans Good or Bad
12/14/2022 9:56 AMAn EIDL can assist you in meeting financial responsibilities that your company or nonprofit organization would have been able to meet if the disaster had not occurred. It protects you from the direct economic damage caused by the disaster and allows you to retain a decent operating capital position during the disaster period. EIDLs don't make up for lost revenue or sales.
Refinance to Help Your Logging Company’s Cash Flow
12/7/2022 9:36 AMCash flow refers to the net amount of cash and cash equivalents entering and leaving a company. Cash received represents inflows, whereas cash spent represents outflows. Cash flow involves a receivables account, a payables account, and shortfalls.
Providing Financial Products That Help Preserve or Increase Cash Flow For Transportation Companies
11/30/2022 5:03 PMTransport companies are always looking to cut down on travel costs, and there's no better way than with a financial product from us. Our company has been in the industry for decades, which means we know what works and what doesn't. You can trust us to find something that will work for your business.
The Importance of Maintaining Your Financials and Accounting Books
11/23/2022 4:34 PMAccounting is the one aspect of business that all companies share. Regardless of your line of work or the type of business that you have, you must regularly monitor your finance’s health and satisfy your financial commitments to local, state, and federal tax authorities.