Construction
Construction Finance has been designed specifically for the UK construction industry and provides a unique integrated offering that includes funding not only against invoices but also applications for payment under a wide variety of contracts and orders and crucially a bad debt protection solution.
Not only do we provide an immediate injection of cash against the value of your outstanding invoices and applications for payments, but then as invoices and applications are raised we can release up to 70% of their value into cash within 48 hours. The remaining 30%, less a small service fee, is paid to you once your customers pay.
This means your construction business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you.
In addition to the cash that we provide, we can also save you valuable management time. We provide comprehensive sales ledger and management services, where we chase and collect outstanding invoice and applications for payment from your customers, so that you have more time to concentrate on generating new business. We will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions.
With our Construction Finance service we can also provide specialist bad debt protection against your invoices and applications for payment under a wide variety of contracts and orders, protecting your business in the event of a customer's inability to pay through insolvency.
In addition to providing specialist funding, collection and bad debt protection services, we can also provide your construction business with access to a team of dedicated professionals, including quantity surveyors and recovery professionals, who can manage contractual disputes on your behalf.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
Construction Finance - How much does it cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two main types of fee. The first is the cost of money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
