Are you a plumbers and HVAC (heating, ventilation, and air conditioning) specialist? You’re likely to have specific business needs, which very often require access to additional working capital. Where can you obtain the necessary plumbing, heating & cooling business loans to cover business expenses?  Plumbing, Heating & Cooling Business Loans Different business funding providers have different requirements for applicants. However, there are some key points you should be well aware of before applying for this type of loans. Otherwise, you can’t get access to the best funding option for the specific needs of your HVAC or plumbing business. E.g., you […]

Natural disasters can take a toll on your construction business with the exposure and severity levels varying largely based on your physical location. According to researchers, the US experiences nearly seven hurricanes every four years. But there has been a significant increase over the past few years. High-impact earthquakes happen less often, but they could also affect your business negatively. US-based businesses must also be prepared for Inland flooding, which is turning into a more common catastrophe. And while most of the above are flood forms of disaster, drought in some parts, more so the West leads to costly wildfires. […]

In the past years, the construction sector has been experiencing immense growth raking in more than $1.2 trillion in 2017 alone. However, challenges are limiting construction startups and growing companies obscuring them from sharing in the huge success of the industry. The most prominent of these challenges is managing cash flow. In a recent survey by kabbage, 28 percent of companies reported cash flow as a major challenge in their first year of business outweighing the difficulty in finding new clients. Here are some of the reasons the construction industry comes by cashflow problems: Having cash that’s tied up in […]

Where’s the cash? Where do I get cash? These questions are all too common in the construction industry. Even profitable construction companies can find themselves in a tight cash flow situation. For years, cash flow management has been a huge contributor to the number of insolvencies in the industry. If you have been operating in the construction industry for even a short amount of time, you probably already know how much cash is required to start a significant project. To be successful, you have to know what the cash flow impact will be from that new project. How much investment […]

No single sector has benefited more than the construction industry during the comeback of the U.S economy following the 2008 financial crisis. Construction in the U.S. is a multi-billion-dollar industry, with over 650,000 employers and over 6 million employees. The increasing activity in the home builders sector has led to high demand for financing. One of the ways home builders are securing the financing they need is through construction loans. It is important to note that construction loans differ from mortgage loans. If you are unsure of what a construction loan entails, the following information should clear up any questions […]

With expenditures accounting for more than 1.162 billion US dollars, the US is among the largest construction markets around the globe. Within the US, the majority of new construction projects are coming on stream in New York, which leads the list concerning construction expenditure in American cities. As a rule, construction works drop off in the fall and don’t continue till it’s spring. During the offseason, construction firms still need funds to pay overhead and provide an income for employees and owners. Here are tips to use for managing expenses during the offseason. Plan How You’re Going to Handle Your […]

The global human resource software market is expected to reach $9.2 billion in value by 2022, and payroll makes up only a small portion of that growth. Your employees must be paid accurately and on time. That’s where payroll management solutions come into play. Happily, they’re becoming more advanced and affordable. Consider using them for your construction business. If you’re interested in business funding for your company, consider turning to a reputable high risk business funding provider like First American Merchant. Firstamericanmerchnat.com (FAM) offers unique business funding opportunities, including a merchant cash advance bad credit. Below you can find a […]

Construction financing continues to be a challenge for many contractors, due to a number of economic factors. For example, contractors are very sensitive to economic cycles and revenue fluctuations from year to year. Excessive competition and the volatility of the industry are also an issue. For banks, credit underwriting issues are a big obstacle for banks in lending to these firms (construction company failures, unpredictable nature of the work, the estimates used in financial statement(s) preparation, etc.). Like any other business, a lack of financing causes many problems for construction firms. Without adequate cash, the company will be unable to […]

Many businesses experience high and low seasons. While some might have steeper curves than others, they all have to make prior preparations to make the best out of the peak and survive the off-peak period. Merchant cash advance programs suit seasonal businesses the most, mainly because they offer the traders the option of using future sales to finance their immediate needs and expenses. And when the peak season comes, the merchant can quickly pay the cash advance. If your business goes through highs and lows, read on to find out how much a cash advance can help you maximize sales […]

Entrepreneurs who look for business funding to fuel their business ideas should be quite realistic about this. If you’re a business owner with low budget who is seeking a business loan, you have to make a 180-degree attitude adjustment about how you were approaching your lender strategy. First, you have to cut every cost that don’t make any sense and you can’t cover personally. If you see there is no room for empty expenses, you should get your costs way down. So you won’t be obliged to apply for a large sum of money. Second, your own money habits indicate […]