Construction Finance is a specialist invoice finance product, used by businesses in the Construction industry and associated trades. This product is only offered by a small pool of UK funders that understand and have an appetite for the often-complex nature of construction contracts.
Your company may complete a stage of a contract and raise an application for payment. You can then release funding within 24 hours of raising a certified or uncertified application for payment. Typically, you can receive a higher advance if you can wait for the payment certification to be received.
With long payment terms and late payments continuing to be a challenge in the construction industry, faster access to your capital can help you with enabling costs on new projects and to meet your own ongoing financial commitments, such as materials, payroll and HMRC