Construction and Contracting

contractors

 

The nation’s changing landscape is primarily attributed to a large amount of construction taking place in cities across the country In the US, the construction industry accounts for 7% of the total US gross domestic product, bringing in over $951 billion dollars. With over 10.6 million people working in the construction industry and with 57% of contractors desiring to expand and hire more employees, more construction and contracting companies are in need of financing. Large construction equipment purchases can be costly, with mid-range excavators priced anywhere from $100,000 to $200,000, while rentals can run up to $3,400 for one month. Along with these costs, construction and contracting businesses must manage overhead expenses related to:

 

  • Insurance policies such as worker’s compensation
  • Taxes
  • Bid bonds and surety bonds
  • Equipment rental and purchasing
  • Licensing and permits
  • Payroll

 

The overhead costs of running a construction or contracting business can burn through cash reserves quickly. Opportunity Business Loans can help you find the best deal when it comes to financing your construction or contracting business. Secure your loan without the hassle of visiting multiple banks and lenders. With just one quick application, you can get connected to a large network of lenders who can provide you with the funding you need to successfully grow and operate your construction or contracting company.

 

 

Your Business Can Survive & Thrive Despite a Recession

Table of Contents Discount Stores Health Care Personal Services Food & Restaurants  Freight & Logistics  DIY & Repairs  Apparel Retail Leisure Companies Can Flourish in a Recession The Typical Performance of Companies During a Recession Strategies for Surviving and Thriving…

Read more

Financing Options for Your Retail Business

Table of Contents Retail Business Financing Needs    Types of Financing Debt Financing Pros & Cons of Debt Financing Equity Financing Pros & Cons of Equity Financing Peer-to-Peer Investors Final Thoughts – Financing Options for Your Retail Business   The…

Read more

Succession Planning: How to Transfer Ownership of Your Business

Table of Contents What is Succession Planning? Why is a Succession Plan Important? Who Should Create a Business Succession Plan? When Should a Business Succession Plan be Created? What Should Be Included in a Succession Plan? Ways to Transfer Business…

Read more
All rights reserved @ Personal Loans 2020