Construction Finance provides you with funding against your certified and uncertified applications for payment, stage payments and also against invoices for completed works. Whether you work on one off jobs or on longer term contracts there are various Construction Finance options available to you.
This specialist funding will help you with your cashflow needs, enabling you to focus on managing your contracts, paying wages, HMRC, raw material costs etc..
It is available to both contractors and sub-contractors working under a contract, framework agreement or purchase order. Giving you peace of mind that you have funding in place at every stage of your works, whether short or long term.
Funding is typically available within 24 hours of you submitting your billing to your lender. The prepayment percentage advanced depends on the nature of your business and is assessed individually. The balance of the prepayment is made once your customer has settled the invoice or application, less the charges for the facility.