Construction Finance

Finance your construction equipment

Construction businesses run on machinery, and keeping the right kit on site, whether that's excavators, rollers, dumpers, or telehandlers, is what keeps projects moving and deadlines met. But acquiring or replacing equipment outright can tie up capital that's needed for materials, labour, and the day-to-day running of UK businesses.

With so many equipment types, suppliers, and finance structures to consider, working out the best way to fund your next purchase isn't always straightforward.

That's where our dedicated construction finance team can help. Whether you need hire purchase, a finance lease, or asset refinance against equipment you already own, we'll help you find a solution that fits how your business operates.

Whether you're growing your plant fleet, replacing ageing machinery, or purchasing new or used equipment across multiple suppliers at once, we'll manage the process so you can stay focused on the job in hand.

We can also arrange finance for other construction equipment, including cranes, bulldozers, and crushers.

What is construction finance?

Construction finance provides businesses in the sector the opportunity to purchase new assets, restructure existing agreements, and fund new projects.

It is imperative that construction businesses have finance solutions that address the unique pressures they experience, providing the necessary support to positively impact the economy in the UK.

UK Business Finance are construction finance specialists and can help you find the most appropriate form of funding for your needs.

Secure Your Funding In Minutes – Get a FREE No Obligation Quote

With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!

Benefits of Construction Finance

Cash flow management: Using construction finance ensures businesses can purchase new or used assets through a structure that aligns with their individual needs. Rather than paying for a costly asset upfront, asset finance offers construction businesses the ability to pay a deposit upfront, with the remaining costs able to be spread out over a manageable repayment schedule.

Raise funds: Asset refinance can be very useful for businesses in the construction sector. The asset is sold and then leased back to the business, ensuring they still have operational use of the asset. This provides businesses with a lump sum of cash to use for a variety of needs, whilst paying back the asset. At the end of the agreement, the business resumes ownership.

Increase efficiency: Construction finance enables businesses to purchase the newest and most expensive equipment with a manageable solution. This ensures that construction firms have the equipment that can improve the quality and efficiency of their services, overall benefitting their business.

Budgeting: Construction finance provides businesses with a facility that has set repayment terms. This ensures that construction firms know when and how much they need to pay each month in advance. This therefore means that businesses can plan their expenses and not encounter any surprise costs.

Flexibility: Construction businesses are often able to have repayment terms tailored to their specific needs. This allows businesses to acquire a new or used asset with a funding solution that works with their finances, ensuring their day-to-day capital isn’t jeopardised.

How we helped a plant hire business

A plant hire business based in the East Midlands approached UK Business Finance to fund a significant expansion of their machinery fleet, including rollers, dumpers, and excavators.

The equipment was being sourced from four separate suppliers, which meant the client needed a funding solution flexible enough to support multiple purchases running in parallel, each with its own delivery timeline.

After understanding the client's requirements, our team identified a hire purchase agreement as the most suitable structure. Drawing on our relationships across a wide panel of funders, we secured a facility that allowed the client to proceed with each supplier without delay, and the full arrangement was completed within 48 hours of the funder being confirmed.

We arranged £1.7 million in funding for the client on this basis. As a result, the business now operates a newer, larger, and higher-quality fleet, giving their own customers a stronger range of machinery to hire and putting the business in a much better position to take on future contracts.

Apply for construction finance

UK Business Finance is a commercial finance broker with access to an extensive panel of lenders, allowing us to source funding solutions that are specifically structured around the demands of construction businesses.

Here is how we can help:

• Get a no-obligation quote in just 60 seconds
• An extensive lender panel ensuring you find the right fit for your business
• Our team handles the application process with funders on your behalf
• High expertise in construction finance to ensure a professional and reliable service

To find out more about the funding options for construction businesses, contact our expert construction finance team.