Unlock cash tied up in uncertified applications for payment or staged invoices
Apply in 3 minutes. One of our Business Finance Specialists will then guide you through your options.
Unlock cash tied up in uncertified applications for payment or staged invoices
Apply in 3 minutes. One of our Business Finance Specialists will then guide you through your options.
Construction Finance helps construction sector contractors and subcontractors by unlocking cash tied up in outstanding staged invoices or uncertified payment applications. This flexible credit line gives you the working capital required to take on new clients, fund new contracts or pay suppliers quicker.
Construction Finance helps construction sector contractors and subcontractors by unlocking cash tied up in outstanding staged invoices or uncertified payment applications – speeding up cash flow. This specialist type of finance is built to work with contracts, framework agreements or purchase orders that are a standard feature of the construction sector.
A line of credit is put in place in proportion to the sales ledger and work in progress allowing you to access up to 70% of the value of the invoices due to you. You can draw down from this credit line when an Application for Payment is submitted, or when the payment has been approved. This means you can have certainty over what funds you have available as you deliver your contract.
Talk to one of our Business Finance Specialists. We’re on hand to take you through the options available.
You’re likely to be eligible for Construction Finance if:
Getting set up for construction finance varies in process from lender to lender. Some specialist lenders can get a facility done and dusted in a week or two, but it typically depends on how quickly you can supply the required information.
A typical process is submission of an application (including financial accounts, contracts, an aged debtor and aged creditor list and other general business details) followed by an indication of terms after a day or two. Once terms have been agreed a “survey” or “audit” will be instructed. This is a deep dive into your credit control processes, records and history. This can take a week or so, followed by a full credit underwriting process.
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