Construction finance is a common product to help circumnavigate late payments and long payment terms that are rife across the construction sector. It is designed for contractors and subcontractors who provide their services under a specific contract or purchase order and the finance is advanced against staged invoices or sales invoices.
If you need to access construction funding to help with a particular project, speak to our team of experts who can provide free advice. Construction finance can give you certainty and peace of mind to help see a project through to completion and to ensure all parts of the process continue to keep moving in the right direction.
The cost of construction funding depends largely on how established your business is and a few key factors such as your trading history, credit history, and creditworthiness.
At UK Business Finance, we work with a whole range of industry sectors – including specialist lenders to construction firms – and will work with you and your business to find the best financial solution. We understand the finance market can be a bewildering place, and knowing where to start can be difficult and time-consuming. We will help you narrow down your search by sorting through the providers offering the appropriate products for your business needs.