Working Capital for CEFIA-eligible Contractors v10092013.

Slides:



Advertisements
Similar presentations
Banking in Todays Environment. Dave Orr Banking Professional for 22 years Expertise in Commercial Lending Employed at West Suburban Bank.
Advertisements

February 2012 NAB Business Demystifying Business Structures presented by: Charlie Falanga – Regional Business Executive Northern Territory.
WHERE IS THE MONEY ? U. S. DOT Short Term Lending Program PURPOSE: Provides Lines of Credit to finance the Accounts Receivable from transportation related.
Balance Sheet Workspace Practice Problems. Problem 1 The US Treasury borrows from the nonbank public by selling them US Treasury securities. The nonbank.
Depository Institution Discovery G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances –
Depository Institution Discovery G1 © Take Charge Today – Revised April 2006– Depository Institution Discovery – Slide 2 Funded by a grant from.
Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.
Bootstrapping and Financing the closely held company
CEFIA Residential Financing: Smart-E Loan, CT Solar Loan, CT Solar Lease Training Presentation for Solarize West Hartford Ambassadors.
SMALL BUSINESS BANKING Meghan Kearns NATIONAL CITY BANK Small Business Finance Sources of Capital: Borrowing.
Credit Scoring and Scorecard Lending Agribusiness Finance LESE 306 Fall 2008.
Determine Funding Needs Stephen Lawrence and Frank Moyes Graduate School of Business University of Colorado Boulder, CO
CHAPTER SIXTEEN Lending To Business Firms And Pricing Business Loans The purpose of this chapter is to explore how bankers can respond to a business customer.
3. 24 Understanding a balance sheet Aims and Objectives Part 2 Basic principles of a balance sheet  Most businesses borrow money to help them to.
Construction Loans. Step #1 - Apply for financing Step #2 - Interim loan secured Step #3 - Construction commences Step #4 - Construction complete Step.
 Fifth Third Bank | All Rights Reserved Vessel Financing Choices for Ferry Operators.
Accounts Interpreting Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist.
Financing. Types of Finance Debt Equity Debt Normally from Banks Amount loaned and interest rate – Depends on risk & developers standing – % of.
Obtaining Debt Capital Venture Planning Chapter 16 Dowling Fall 2005.
BALANCE SHEET OF TATA STEEL CO. As at – (in crores) (in crores) EQUITY AND LIABILITIES SHAREHOLDER FUNDS Share.
FINANCE BASIC FACTS. Sources of funds Internal Retained profits Sale of assets Using trade credit Investing surplus cash Reducing inventory External Personal.
1 Understanding a balance sheet. Lesson Objective Understand the main elements of a balance sheet. Understand the difference between assets and liabilities.
Chapter 11.1 notes. Saving Saving = not spending $ Investment – use of income today for a future benefit.
Balance sheet Business Studies.
Financial Accounting 1 Lecture – 41 Profit and Loss Account Shows profit earned or loss sustained from the operations of the business during the period.
©2012 McGraw-Hill Ryerson Limited 1 of 23 Learning Objectives 1.Characterize trade credit as an important form of short-term financing and calculate its.
HFT 3431 Chapter 4 Statement of Cash Flows The Statement of Cash Flows Answers u u How Much Cash Was Provided by Operations u u What Amount of Property.
Depository Institution Discovery G1 © Take Charge Today – Revised April 2006– Depository Institution Discovery – Slide 2 Funded by a grant from.
Copyright © 2000 Addison Wesley Longman Slide #17-1 Chapter Seventeen THRIFTS: SAVINGS AND LOANS AND CREDIT UNIONS.
CHAPTER 17. Transaction Deposits; checking accounts  Commercial accounts non-interest bearing  Interest bearing checking accounts Savings Deposits;
STRATEGY THREE Debt Recycling Tax Planning Strategies for 2015.
Business Administration & Management Mr. Bernstein Services Banks Provide to Businesses, pp May 18, 2015.
C. Financing a Small Business 4.00 Explain the fundamentals of financing a small business Discuss sources used in financing a small business.
An Example The US government collects $10M in taxes.
Asset Structure Assets Cash on Hand and in Current Accounts 86 Deposits Maturing within one Month441 Balances with the Central Bank57 Government Debt Instruments412.9.
Checking Savings BANKING. Checking Account 90% of transactions involving money are made through some form of debit.
Policy #13: Banking 1.Taxing, spending, and borrowing is monetary policy. 2.Trading a Coke for a Sprite is also called bartering. 3.Cutting taxes on the.
Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.
Finance for.... Fixed assets 1.Retained profit 2.Share capital 3.Bank loan 4.Hire purchase 5.Leasing Working Capital [to help cash flow] 1.Trade credit.
Ingram, S. Entrepreneurship Planning the Small Business: Planned Financing.
Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.
Basics of Banking St. Helens Community Credit Union.
BALANCE SHEET. Starter – DON’T LOOK IN BOOKS !!! What does a Trading, Profit and Loss Account show? What does an Appropriation Account show? How is it.
Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist of three key accounting.
Get Payday Loan Today Stop waiting for the arrival of your salary and get a payday today.
Confidential. © D+H, Stay Informed about your Student Loans Register for an NSLSC On-Line Services Account.
Students should be able to:  Understand and explain the different sources of finance available to a business.
Money and Banking Lecture 24. Review of The Previous Lecture Banking Types of Banking Institutions Commercial Banks Savings Institutions Credit Unions.
Microfinance loans, Co-Operative. MICRO FINANCE Loans Micro financing loans are small loans granted to the basic sectors, on the basis of the borrower’s.
Walter Acuna, VP & Sr. Business Lender
Director of International Development
Short-Term Finance and Planning
CHAPTER SIXTEEN Lending To Business Firms And Pricing Business Loans
Accounting Equation Mr. Chan starts a business The owner.
How does Square account for the amounts it loans to small businesses?
Mr. Roeshink – Financial Operations
FEI Professional Development Session September 21, 2017
Chapter 6 Financing a business 1: sources of finance
Interest and Investment
Depository Institution Discovery
Accounts.
SOURCES OF FINANCE OWNER’S FUNDS ADDITIONAL PARTNERS
CAPITAL Defination Methods of Obtaining Capital
Register for an NSLSC On-Line Services Account
BSBSMB406A Manage Small Business Finance
Balance sheet Business Studies.
Finance Planning & Strategy.
(Sources and Uses of Funds) (Flow of Funds Statement)
Policy #13: Banking Taxing, spending, and borrowing is monetary policy. Trading a Coke for a Sprite is also called bartering. Cutting taxes on the wealthy.
Chapter 4 Statement of Cash Flows
Presentation transcript:

Working Capital for CEFIA-eligible Contractors v

2 Working Capital  What is working capital?  Line of credit secured by ongoing cash flow / project finance / accounts receivable (e.g., your customers)  CEFIA’s Working Capital program  Partnering with banks – Webster Bank is the first  Borrow up to 50% of project costs for CEFIA program projects  Interest rate = Webster Bank Prime Rate + 2%, floating (today = 5.25%)  Webster Bank will confirm project with CEFIA v

Application Requirements 3  To apply, submit the following: 1. Webster Bank Business Banking Application 2. CEFIA financial product being used (Smart-E, CT Solar Lease, CT Solar Loan, Cozy Home loan) and CEFIA-approved contractor certificate 3. Project address (if requesting funds with 1 st application) 4. Project amount (if requesting funds with 1 st application) 5. (Most recent business tax return*) 6. (Most recent business balance sheet) Only for first working capital application } * Total project amounts >$50k will require 2 years of tax returns v

Getting Started 4 To learn more or discuss working capital for your business, contact Frank Mac Hugh, V.P. of Business Banking at: Business: (860) Mobile: (860) v