Blog posts tagged with "Construction Business Loans"

The danger of working in the construction industry is a harsh reality. In fact, out of the 4,693 worker deaths in 2016, about one in five, or 991 total, was construction related.

As you likely know, construction businesses come with significant expenses. Big projects require lots of hands, and those hands cost money. Due to this, it’s crucial that you ensure that your employees don’t cost you too much money. Overspending on your operations can make it challenging to grow your business, which is why you should implement these cost-effective tips for managing your construction business.

The construction industry in the U.S. is growing quickly, with spending in May 2018 exceeding $1.3 trillion, according to the U.S. Census Bureau. However, many contractors aren’t prepared to take advantage of the current surge.

One of the most important components of running a business is finding ways to effectively distinguish yourself from your competitors. Currently, the construction industry is estimated to be worth $1.23 trillion, and to effectively establish yourself in an industry this competitive, you’ll need to communicate to potential clients that your business not only exists, but is also different from other companies.

Every industry has unique needs when it comes to expenses. In the roofing industry, starting a business can be expensive –  but the payoff can be great. As the roofing industry continues to see increased profit and a positive outlook, it’s a good time to research business loans and determine how you can best use this financing.

As a business owner, you may be accustomed to needing additional working capital so that you can complete projects. If your business is paid in installments, this is likely an issue you grapple with regularly. Luckily, if you recently received financing, you’ll be able to maintain your business until your next pay check. In this post, we’ll further explain how bridge financing works, and offer tips on how to best utilize it.

As a construction business owner, you’ve probably grown accustomed to the competitive nature of this industry. You’re likely faced with trying to land jobs before your competitors do, and aim to find ways to successfully outshine them during the bidding process.

Running a construction business requires many moving parts. You need to bid on jobs, have money to complete projects, with enough capital leftover to pay employees, pay for equipment updates and satisfy other obligations.

Did you know that today is Winter Solstice? With the beginning of winter upon us, it’s time to start thinking about how you can garner winter business sales.

The winter months can present challenges for construction businesses, such as cold temperatures, inclement weather and less daylight. If you’re located in the northeast like us, then you’re likely bracing for the winter weather.