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.
Referrals are Important to the Growth of All Businesses
Word of mouth is one of the oldest, if not THE oldest form of advertising. In most cases, it’s also one of the most effective. It says something good about a business when a third party cares enough to recommend that business to family, friends or even their own...
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HIRE Vets Medallion Award Program
Some time back, we did a blog post on our CapitalPlus website where we talk about hiring the right people and how important it is to the overall success of your business. Building on the information in that post, we want to call your attention to a great source of...
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Keeping Up With Technology is Crucial for Your Business!
Technological advancements are the future and always will be. Today, more and more companies are looking into adopting them. Generally speaking, the construction industry has been the slowest to embrace technology. The industry never really invested in IT and...
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How Banks and CPAs Benefit from Factoring
I remember attending a Chamber of Commerce event in Westchester, New York last December. I was making my rounds, shaking hands and introducing myself to the room full of professionals in attendance. I came upon a group of three people and politely joined the open...
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Hire the Right Person and Train Well
Having worked in many businesses and with hundreds of clients over the years, if I had a dollar for every time someone said “people are our greatest asset” I would be retired in the islands somewhere. This term has become a cliché and, although the intent is...
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The Economy is Hot, So Why Won’t You Lend?
The economy is super-hot and so is the construction industry; so why is it so hard for a construction firm to get a traditional loan? Why Banks are Reluctant to Loan While there are many factors that contribute to the answer, none are more prevalent than the simple...
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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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