Construction Finance
Improve Your Cash Flow And Save Management Time With The Added Bonus Of Peace Of Mind That You Will Get Paid.
Construction Finance - What Is It?
Our Construction Finance solution means that we can help you improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices and applications for payment providing an ongoing supply of funds during the life of your customer contract or order. As you raise an invoice or application for payment, we can release up to 70% of the value of that invoice/application within 48 hours. The remaining 30% is paid to you, less a small service fee, once we receive payment from your customer.
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.
Our specialist bad debt protection also protects your construction business in the event of a customers inability to pay through insolvency, providing you with added piece of mind that you will get paid.
In addition to the cash and bad debt protection that we provide, we can also save you valuable management time by chasing for application certification, payment of outstanding invoices, agreed applications or managing contractual disputes on your behalf.
Construction Finance - How Much Does It Cost?
Our services are tailored to the construction sector and your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
What Next?
If you would like to speak with one of our Construction Finance specialists simply complete our contact form. Alternatively you can call us FREE on 0800 91 95 92, email us at marketing@bibbyfinancialservices.com or request a call back.
