CapitalPlus Construction Services Working Capital and Back Office Services Blog
Stay informed with valuable information on construction factoring, small business finances, risk management, lien compliance and contract compliance.
Wearable Technology in Construction
As the rest of the world moves forward into the information technology age, so does the construction industry. More specifically, wearable technology is becoming more and more prevalent on the job site. These products do everything from assist you in keeping your crew...
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Benefits of Receivables Financing
Managing the finances of a new firm can be difficult, especially when you have invoices with net 30, net 60 days. How are you supposed to keep up with pay roll or start a new job if you haven't been paid for the last one? This is how the big companies stay big, they...
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6 Things Every Construction Company and Subcontractor Needs to Know About Their Lien Rights
Whenever you start a new construction project you always run the risk that you won’t be paid for the services you are providing or the materials you are purchasing for that job. In the event that you are not paid, you may consider placing a...
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6 Construction Fun Facts You Can’t Live Without
Construction is much more than the assembly of buildings and infrastructure. It is how we shape the world around us, but the process, technique, and scale have all changed drastically from the centuries before us. The construction industry both drives the...
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Getting Access To Capital for Bonded Work
Imagine this: your firm just landed its biggest contract; everyone is ready to get out there and begin working, you just need to secure working capital to help you cover the additional payroll and material expenses. Then you find out that a...
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Myths About Financing for Construction Companies
The construction industry is one of the oldest professions, and a lot of things have changed over the years. One of the ways construction has changed is how companies and jobs are financed. Many construction company owners and contractors are only familiar with...
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The Real Impacts of Merchant Cash Advances on Your Business
I recently spoke with an electrical contractor who was struggling with cash flow and was looking for help. They had recently started working with a merchant cash advance company and did not realize the major effect it would have on their cash flow. They thought that...
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Tips for Starting Your Own Construction Business That Will Make a Difference
Starting your own business can be one of the most rewarding endeavors you can ever take on, but it can also be one of the most challenging. Using the vast wealth of knowledge that you have accumulated over the years, you can become your own boss and put your dream...
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15 Things Every Small Business Needs To Know About Construction Factoring
May is once again upon us, which means the flowers are blooming, the temperature is heating up and it is once again Small Business Month. With that in mind, we wanted to salute all the small businesses in the construction sector and provide 15 things every small...
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7 Myths About Construction Factoring
Everyone knows about bank loans as a source for increasing your working capital but often times many contractors and construction company owners don’t know much about construction factoring. Construction factoring can help alleviate the stresses of...
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Working Capital for Demolition Contractors
There comes a time that every demolition business could use more working capital for things like making payroll, buying supplies or taking on bigger or new jobs. It can be challenging for demolition contractors to wait the 45, 60 or more days for customers to pay...
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Ways Contractors Can Maximize Seasonal Downtime
Many contractors experience seasonal downtime regardless of your trade. If you are not taking this time as a well deserved extended vacation, there are several ways to maximize the downtime and set your business up for success once things heat up. Get your finances in...
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