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Banking and Financing for Contractors

Date: Thursday, October 15, 2015
Watch Now
Time: 2:00 p.m. (ET) / 1:00 p.m. (CT) / 12:00 p.m. (MT) / 11:00 a.m. (PT)
Length: 90 minutes
Fee: Free
Speaker: Jason Bakke CPA, CCIFP, Principal, CliftonLarsonAllen LLP
Category: AQC   
The ability to obtain adequate financing is essential to successfully operating and growing a contracting business.  Owners and management must thoughtfully plan for long-term capital and cash flow needs, establish trusted banking and surety relationships and secure adequate lending capacities.  Without doing so, contractors may be hard-pressed to acquire the necessary equipment, much less have the cash and working capital required to support day-to-day operations.  

This webinar will explore several options contractors may consider for long-term equipment financing and working capital lines of credit, including the related benefits, risks and limitations.  We will discuss and illustrate how the company’s financial information, operating results and long-term forecasts are commonly evaluated by financing and surety underwriters.  Having this understanding will help the business owner, company management and their advisors put the company in a best possible position to secure the necessary borrowing capacities.  

This webinar is designed to help owners and management:       
  • Evaluate commonly available lending options for capital equipment financing and working capital needs of contractors 
  • Understand how their financial information and operations are evaluated by lenders and credit underwriters 
  • Build trusted relationships and effectively communicate with lenders and credit underwriters

Powerpoint presentation(pdf)

About the Speaker

Jason C. Bakke, CPA, CCIFP is Principal in the Construction and Real Estate Group at CliftonLarsonAllen LLP.  He has twelve years of public accounting experience with variety of clients in the construction, real estate, and service industries. Jason’s practice has focused on audit and assurance services, tax preparation and advisory, financial analysis and consulting for a variety of closely-held clients in the construction, service and real estate industries.  Additionally, Jason has extensive experience providing ERISA assurance services, consultation and advisory for 401(K)/profit sharing plans, defined benefit pension plans and employee stock ownership plans (ESOP). 

He is a member of the American Institute of Certified Public Accounts (AICPA), Minnesota Society of Certified Public Accountants (MNCPA), Construction Financial Management Association (CFMA) and National Association of Industrial and Office Parks (NAIOP).

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