Construction Finance

Construction finance caters solely for businesses in the construction sector and aims to help business owners grow by taking on work they otherwise wouldn’t be able to fund. Offering a project finance facility that funds individual debtors to support contractors and sub-contractors.

Why is it important to you?

The product itself is very simple and should provide a great solution in the following circumstances:

• You have an order book, or the chance of additional work, that will put your existing financial arrangements under pressure.
• You require flexibility and don’t want to lock yourself into a conventional invoice factoring provider.
• You would prefer an additional source of funds that works comfortably alongside your existing financial arrangements.
• You would prefer the expertise of a lender who truly understands construction.
• You want clarity of pricing and do not want to be prone to the opportunistic charging of a locked in lender.

How does it work?

• The facility can  fund individual contracts and debtors but can look at small ledgers also.
•It can cater for deals with a minimum exposure of £25,000 and a maximum exposure – usually £150,000 but, by prior agreement £250,000.
• All applications for payment will be reviewed and the lending facility will be reviewed by an experienced Q.S. team.
• There is no tie in period and no upfront arrangement fees.

For further information contact our Specialist team.

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