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Startling rise in construction firm recovery loan defaults

UK debt collections

A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.

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Five Key Construction Contract Terms That Every Building Owner Needs to Negotiate

Jimerson Firm

When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Construction Contract Scope of Work. Payment Terms.

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50+ Commercial Debt Statistics

The Kaplan Group

Technology and Alternative Lending AI Is Reshaping Access to Credit Fintech lenders are using AI to speed underwriting and reduce bias. Nonbank Lenders Fill the Gap 24% of middle-market companies and 16% of small businesses now prefer nonbank lenders. Platforms like Mintifi and NAV-based lending are gaining traction.

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Part II: What Documents Matter Most In Determining Share Value in a Buyout? An Analysis of Key Documents and Why They Matter

Jimerson Firm

List of notes payable outstanding as of the valuation date, including lender, original amount, interest rate, term, and covenants. Aged accounts payable lists nearest the valuation date. List of marketable securities and prepaid expenses nearest the valuation date.

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