Unlock cash tied up in construction contracts, so you don't need to worry about late payment.
Give me the facts
|ELIGIBILITY||Any business trading for 1 year minimum and with a turnover of over £500k|
|AMOUNT||Confidential facility of up to £3m|
|DURATION||Unlimited - rolling contract|
|INTEREST RATE||Competitively priced|
|FEES||Set up and service fees apply|
|APPLICATION PROCESS||Online enquiry and meeting|
|SECURITY REQUIRED||Personal guarantee, assignment of outstanding billing and WIP supported by a debenture|
|SPEED OF DECISION||Within 2 working days|
|TIMING OF CASH||Funding within 1 week|
|REPAYMENT||Revolving working capital facility|
|PERSONAL SERVICE||Fully confidential facilities managed by a dedicated construction team supported by specialist QS partner|
|BEST FOR...||Simple cashflow management for businesses in construction|
How it works
Your questions answered
Construction Finance is for construction-related companies that are paid on a monthly or contractual basis and need a helping hand with their working capital.
New contracts can often mean buying expensive supplies upfront, and paying employees for weeks before you receive your first stage payment. Construction Finance releases the cash tied up in these contracts even before completion certificates have been issued.
Agreements vary between customers and are dependent on your business needs, but we are always competitive and transparent about our costs.
Construction Finance is available for as long as you need it.
Absolutely – Construction Finance is designed to be totally flexible so if you also want a loan to pay for something big or perhaps Asset Finance against equipment, then we can work with you to set that up.
If you take out Construction Finance and find your circumstances change, then get in touch with us and we’ll see what we can do.