Construction Finance
Unlock cash tied up in construction contracts, so you don't need to worry about late payments.
request a quote
WHAT IS CONSTRUCTION FINANCE?
It simply allows you to borrow against the money you are owed on a contract prior to a payment certificate being issued.
WHY PICK CONSTRUCTION FINANCE?
If you need access to money that is tied up in lengthy construction contracts.
HOW DOES IT WORK?
We look at what you are owed on a contract and advance you a proportion of that amount.
Give me the facts
| ELIGIBILITY | Ltd companies trading for 1 year minimum and with a turnover of over £500k |
|---|---|
| AMOUNT | Confidential facility of up to £1.5m |
| 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
GET A QUOTE
Complete the form above to receive a quote or give us a call.
PROVIDE YOUR DETAILS
So we can tailor the facility to best suit you.
FINALISE KEY DOCUMENTATION
Send us details of your outstanding billing, relevant applications for payment and financial information.
SIGN YOUR AGREEMENT
And you'll have the funds within the week.
Your questions answered
Construction Finance
Who is Construction Finance for?
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.
Why would I take Construction Finance?
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.
How much will Construction Finance cost me?
Agreements vary between customers and are dependent on your business needs, but we are always competitive and transparent about our costs.
How long can I use Construction Finance for?
Construction Finance is available for as long as you need it.
Can I get other funding, such as a loan, if I use Construction Finance?
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.
What if my circumstances change?
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.
Want to speak to someone?
We’re always here to support you and your business in a way that best suits you.
Contact Us