Construction Finance Quote

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Business Funding Solutions

We excel in developing intelligent business funding solutions to improve future cash flow, profits growth and business expansion.

 

As a business funding broker, we provide free, impartial advice to businesses that want to benefit from a plethora of business funding knowledge, know-how and expertise.

 

Working with you, we use our entrepreneurial and financial skills to understand your funding needs and then we work with our high street banks and specialist lenders to put your tailored finances into place for you.

FREE Business Funding Review

Construction Invoice Finance

Release cash tied up in unpaid sales invoices for part completed or completed construction works

Construction finance is specialist funding designed for contractors and sub-contractors in the construction industry. With construction finance you can unlock the cash tied up in your outstanding sales invoices, payment applications and payment certificates. The advantage of applications is that you do not have to wait for certification, but lenders typically advance 60% to 70% against payment certificates compared to only 30% to 40% against payment applications.

 

How Does Construction Finance Work?

 

The bank will provide you with a user friendly online facility, into which you upload your newly created sales invoices. Once approved, you will be able to access your funds usually within 24 hours up to the agreed percentage advance rate. With confidential construction finance your customers will be unaware of your arrangement with the lender. With construction factoring, the lender will act as your credit controller and collect payments from your customers on your behalf. Once paid, the lender will deduct their agreed fees and pay you the remaining balance.

 

Advantages of Construction Finance Include:

 

• Access to cash within 24 hours of raising your sales invoices

• Flexible funding that increases in line with your business growth

• Funding against uncertified applications, saves waiting for certification

• Optional bad debt protection to safeguard up to 90% of bad debts

 

Construction Finance is ideal for businesses that:

 

• Operate in the UK construction industry with turnover of £500,000+

• Raise payment applications for part completed or completed works

• Work under a contract, framework agreement or purchase order

• Want certainty over what funding will be available for each project

 

For a free no obligation construction finance quote, please call 01242 250000, or complete the form at the top of this page. We are a broker, not a lender so you will receive quality impartial advice from us.

Company Finances Ltd

Business Finance Broker

Tel: 01242 250 000