Construction Finance Options

Bespoke, specialist solutions tailored for your Construction Business

Construction Finance with The Business Board offers funding solutions for construction companies including sub contractors who provide services under a contract, framework agreement or purchase order.

We understand the intricacies of the construction sector, in particular the needs of contractors and subcontractors with customers on long payment terms making partial payments for work completed.

Construction Finance allows you to enhance and control your cashflow, so you can run your business as efficiently as possible. By advancing cash against the value of your invoices, you can pay staff wages, negotiate better prices when buying stock/materials and settle debts whilst awaiting payment.

“Funding at the point an Application for Payment is submitted”

With The Business Board’s construction finance options, funding can be accessed at the point an Application for Payment is submitted. This gives you clarity over the funds you have available, and in place, for the duration of any contract. With a healthy cash-flow and a continuing source of working capital you can tender for, win and complete contracts without having the implications of restrictive overdrafts or loan repayments. The finance facility is as flexible as your business needs it to be, and it grows with you.

In summary, construction finance provides funding by way of advancing cash against the value of invoices raised on the part-completion for staged contracts, or completion of work carried out.

Key Features of Construction Finance

  • As opposed to waiting for certification, you can access funds when you submit an application for payment, meaning you can get much needed cash into your business up to 30 to 40 days quicker in some cases

  • Access to funds within 24 hours of uploading your invoices onto online portal

  • A full credit control facility that collects your outstanding invoices on your behalf, with an optional confidential service

  • Every contract you are currently undertaking can be tracked via an online portal

  • Each contract is viewed as a seperate funding line – giving you flexibility for each project

  • Also options for asset finance and foreign exchange services

  • Customer insolvency can be mitigated against with optional bad debt protection

The COVID 19 Pandemic and its continuing impact on the economy is obviously an immediate concern however it’s unlikely that the full ramifications of reduced cash flow through supply chains will fully materialise until late 2020. As construction businesses restart work on sites, under the existing contract terms many won’t receive cash for around 50–60 days. Simultaneously, suppliers will be increasing stock and material purchases, as well as labour, as they seek to drive up output.

Given how services in the construction sector are invoiced, there is a significant further cash-flow issue for contractors and subcontractors which is likely to become apparent from Q3 of this year onwards. This, coupled with clients delaying or withholding payments and the ending of the job retention scheme currently put in place by the government, will be a substantial threat to many businesses within the sector. It’s imperative you have a well planned finance strategy in place that offers you security and the liquidity you need to navigate your business through these challenging times.

If you are interested in finding out more about Construction Finance Solutions, email us at: or call our office on 0118 338 1818.

Confidential Enquiry

Please submit the form for a confidential, conversation with one of our team to find out more info:

Alternatively call us on:
0118 338 1818

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