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.
Factoring – Getting Started
In today’s economy, there are a number of ways to get working capital if you keep coming up a little short. Unfortunately, all of these options are not available to everyone. If your company is unable to receive funding through traditional routes, factoring may...
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What is Invoice Factoring?
Are your customers taking 30, 45, 60 plus days to pay? Do you have to turn down new projects due to your slow paying customers? If so, then invoice factoring may be your answer! When your company is in the process of growing but cannot obtain a line of credit from the...
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How Tax Reform Impacts the Construction Industry
2018 has brought this country tax reform with the recent passage Tax Cuts and Jobs Act. Called to be one of the most sweeping tax policy changes in the US in more than 30 years, the Act will have a major impact on the construction industry, presenting expanded...
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Ramping up for Cobi
Farragut resident and Amramp of East Tennessee owner Dave Taylor was not looking for work, but looking to help when he approached East Tennessee Children’s Hospital with an idea two years ago. Based in Farragut, Amramp is a for-profit company that creates...
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Just Starting Out in Construction – Tips for Success
People are at their best when they are in an interview, in the pews or the first few days on a job. First impressions are just that, and they linger if not remain forever. Right or wrong, people will gage you or size you up for some time based on this impression. In...
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Why Construction Contractors Fail and 5 Things to Help You Succeed
Businesses fail every day, especially construction firms. Statistics indicate that 50% of all small companies fail within five years. This is much worse in the construction industry where roughly 64% never see year five. The ingredients to failure are too many to call...
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Smart Buildings
Smart buildings are the future of construction. Instead of being an individual set of four walls and a ceiling, people are starting to consider how they are connected to other structures around them on the power grid. Not only are these sites smarter, but they’re more...
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Spot Factoring vs Contract Factoring
What is best for your company? Growth takes positive cash flow, and over the past few decades it has become harder and harder to access a business loan or line of credit from the bank. Factoring your invoices may be the best solution to help your company grow. When...
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What is Factoring?
What is Factoring? Are your customers taking 30, 45, 60 plus days to pay? Are you having to turn down new projects due to your slow paying customers? If so, invoice factoring may be your answer! When your company is the process of growing but cannot obtain a line of...
read more
Predictive Analytics in Construction
In today's day and age, data is becoming more and more important in almost every industry. In construction, even the smallest slip-up or miscalculation can lead to millions of dollars lost or not finishing a project on time. Using new and advanced data analysis, such...
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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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