^£500k Construction Business Loan – Apply and Get Funded Today

Project finance term loans are typically considered where a construction business has demonstrable contract income to support repayment. Eligibility usually centres on evidence such as contract or order information, milestones, and a feasible project plan. Lending terms often run from 24 to 60 months, with amounts for SME firms commonly around £100k to £1.5m, subject to turnover and repayment capacity. Typical SME pricing can fall roughly between 7% and 13% APR, and an initial decision often takes about 2 to 6 weeks, depending on underwriting checks, including whether invoice financing for construction evidence is needed.

An asset-backed construction term loan focuses underwriting on both affordability and the security position. You typically provide asset lists and ownership evidence, and lenders confirm what can be pledged, completing valuation or verification where required. Terms commonly sit around 36 to 72 months, with amounts often roughly £75k to £1m+ for SMEs depending on asset values and loan-to-value. Pricing is commonly about 6.5% to 12.5% APR, varying by asset type and risk. Initial decisions are often around 2 to 5 weeks, but may take longer where valuations are complex.

A working-capital term loan for construction is often unsecured or partially secured, with repayment based mainly on overall cash flow. Lenders usually review recent financials, current trading, and cash-flow projections to confirm affordability and risk. Typical amounts are £50k to £750k, with £500k possible where turnover and cash-flow metrics support the repayment plan. Terms are often 24 to 60 months, sometimes 72. Pricing can commonly be about 8% to 15% APR, and initial underwriting decisions often take 1 to 4 weeks, depending on how complex the financials are and what verification is needed.