FINANCE OPTIONS

^Get Your £350k Construction Business Loan Today

Q: How much can a business borrow with a £350k construction term loan request?

For this type of funding, borrowing capacity commonly ranges from £50,000 to £1,500,000. The lender outcome depends on affordability from trading and cash flow, your credit profile, existing debt and commitments, and in construction cases the visibility of project pipeline and payment scheduling. Whether security is offered can also affect the amount.

Q: How long does a decision take for a £350k construction term loan?

Timings depend on completeness and the deal structure. You may see an initial view around 3 to 10 working days, then further underwriting for a final offer. For many complete SME term loan applications, funds can be available in roughly 2 to 6 weeks, with secured or refinancing arrangements sometimes taking longer due to valuation, legal, or settlement steps.

Q: What are the typical interest rates for construction term loans?

Rates are lender-specific. Across term loan options for this size, a broad market range of approximately 7% to 18% p.a. is typical, with pricing context tied to secured versus unsecured structure, term length, credit profile, and risk assessment outcomes for construction cash flow. Any fees, such as arrangement or legal costs, are disclosed in the lender’s offer terms.

Q: What types of £350k term loans are available for construction businesses?

Common subtypes include Secured term loan (property or equipment), Unsecured term loan (cashflow-based), and Refinancing term loan (debt consolidation). Secured options often run for 24 to 84 months, unsecured is typically 12 to 60 months, and refinancing terms often sit between 24 and 72 months. Each subtype’s suitability depends on how the lender assesses affordability and eligibility.

A £350k construction business loan is typically a fixed-term, repayable facility that UK SMEs use to fund project costs, equipment, or working capital. For construction firms, it is often chosen because it converts uneven spending and receipts into a clearer plan, with agreed monthly instalments over the term. Common reasons lenders and borrowers consider this size include purchasing plant and machinery, covering upfront site costs, bridging retention-related gaps, or consolidating higher-cost debt to free monthly cash flow. If you want a structured approach to managing affordability through the contract cycle, a term loans can be a practical fit.

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Why a term loan can suit £350k projects

For a £350k construction-focused term loan, the core value is matching larger or uneven funding needs with an agreed repayment schedule. Pricing and speed depend on underwriting and how the lender assesses creditworthiness and construction cash flow. Below are three practical advantages lenders often consider alongside expected rates, timescales, and affordability modelling.

Predictable monthly repayments

Funds for project delivery

Potential cashflow relief

SCALE YOUR BUSINESS TO NEW HEIGHTS

Common £350k term loan types for construction

Secured term loan (property or equipment)

Secured £350k term loans can be suitable when you can offer qualifying security such as commercial property, land, or eligible equipment. Lenders usually focus on trading history, credit profile, and cash flow that can cover instalments.

Secured term loan (property or equipment)

For construction SMEs, assessment may also reflect project pipeline, margins, and how you manage retention, variations and change orders. Typical amounts commonly start around £100k and can reach £1m+ for eligible businesses, with terms often set between 24 and 84 months. Pricing depends on the lender and risk. For secured cases, decision time is often around 2 to 6 weeks, particularly if valuations and legal checks are needed.

Unsecured term loan (cashflow-based)

An unsecured £350k term loan is usually assessed more on trading performance and affordability than on security. Lenders typically review recent accounts, management information where relevant, and evidence you can service repayments.

Unsecured term loan (cashflow-based)

Because risk is higher without security, expected pricing is generally higher than secured options. Typical unsecured term lengths are often 12 to 60 months, with a broad market rate range of approximately 9% to 18% p.a. If paperwork is complete, decisions are commonly 1 to 4 weeks. Construction businesses often use unsecured business loans for mobilisation, paying subcontractors during early stages, or covering timing differences between expenses and receipts.

Refinancing term loan (debt consolidation)

Refinancing a £350k position can be a route to streamline repayments when you have existing facilities. The lender usually looks at repayment history and whether the new structure improves affordability.

Refinancing term loan (debt consolidation)

For refinancing, lenders typically require details and settlement figures for existing loans or overdrafts, and confirmation of how proceeds will be applied. Amounts can cover balances roughly from £100k to £600k+ depending on lender rules. Terms often sit between 24 and 72 months, and expected rates can vary widely, with a broad range of about 7.5% to 16% p.a. Decisions are often around 2 to 5 weeks as the lender models affordability under the new plan.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to get a £350k term loan via Funding Agent

Share your construction finance needs

Tell us the amount (£350k), what you need it for, and your timeline. We will also collect high-level details on your trading and any current lending, so we can understand whether you are seeking mobilisation, equipment funding, or refinancing support.

We match to lender criteria

Funding Agent reviews your details and helps identify the most suitable term loan subtype. This can mean secured, unsecured, or refinancing, based on what is most likely to fit your eligibility and how lenders typically assess affordability and creditworthiness.

Complete the application pack

We help you compile the evidence required for underwriting, submit the application, and support you through lender responses until a decision is made. For secured or refinancing cases, clarity on asset details or settlement figures can be especially helpful.