FINANCE OPTIONS

^Get Your £700k Construction Business Loan Today

Q: What amount can a £700k construction term loan cover?

Borrowing capacity depends on factors such as turnover and profitability consistency, cashflow coverage for monthly instalments, and the strength and timing of contracts or milestones. Typical ranges in the market include about £150,000 to £1,000,000+ for secured variants and around £50,000 to £500,000 for unsecured options, with £700k unsecured less common.

Q: How long does a construction term loan decision take?

Decision time varies by secured status and underwriting complexity. For secured cases in the £500k to £1m+ range, it is commonly 2 to 6 weeks, sometimes longer if security valuation or extra underwriting is needed. For unsecured cases that rely mainly on accounts and bank statements, it is often 1 to 4 weeks. Project-focused underwriting can take around 3 to 8 weeks.

Q: What APR ranges are typical for a £700k construction term loan?

Typical SME pricing ranges are approximately 6.0% to 14.5% APR equivalent overall, with secured and project-focused options often nearer the lower end and unsecured options often priced higher due to credit risk. Final rates depend on leverage, security, the term length, and how lenders assess your risk profile. Some products may be fixed or priced as a margin over a benchmark reference.

Q: What checks and documents are usually needed for lenders?

Lenders complete AML and financial crime checks, including identity verification for relevant individuals and beneficial ownership checks. They also assess affordability and credit risk. Documentation often includes company accounts and management accounts if available, bank statements, and details supporting security for secured options. For project-focused lending, you may also need contract and milestone information and monitoring details.

A £700k Construction Business Loan is typically a term loan, where you receive a single advance (or facility drawdown) and repay monthly instalments over an agreed period. Construction businesses use this kind of funding to support project delivery costs such as materials, labour and subcontractors, to buy plant or equipment, or to bridge timing gaps between starting work and receiving customer payments. It can also help replace expensive short-term borrowing by spreading the cost over months, giving you a clearer repayment schedule to plan around.

Business Loan

Secure up to £1,000,000 in Business Loan with Funding Agent.

Fastest and easiest application process
Dedicated support
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

Why a construction term loan fits £700k needs

For a £700k requirement, a term loan aligns funding to how construction cash flows build over time. Lenders usually assess affordability through trading performance and, for many £700k cases, security and project evidence. Pricing commonly reflects risk and term length, with typical SME ranges around 6.0% to 14.5% APR equivalent.

Predictable monthly instalments

Funding tied to delivery

Possible timing-gap support

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of £700k construction term loans

Secured construction term loan

Common where lenders can see strong cashflow, credible projects and suitable security. For £700k, this route is often a good fit when security and underwriting evidence reduce perceived risk.

Secured construction term loan

Secured construction term loans are generally available to UK-registered SME contractors or construction-related businesses that can demonstrate the ability to service debt. Lenders typically review accounts and bank statements, assess your credit profile, and often expect security such as property, equipment or a registered charge. Typical amounts can start around £150,000 and stretch to £1,000,000+. Lending terms are often 24 to 84 months, with some cases extending up to 120 months depending on structure and security.

Unsecured cashflow term loan

Less dependent on asset security and more focused on consistent turnover and affordability. A £700k unsecured request is less common, but some lenders may consider it with strong bank activity.

Unsecured cashflow term loan

Unsecured or bankable cashflow term loans suit SMEs with robust bank account activity and consistent turnover where a lender is comfortable without full asset-backed security. Lenders often look for at least 1 to 2 years trading and clear use of funds aligned to working capital or project delivery. Typical amounts are around £50,000 to £500,000, with terms commonly 12 to 60 months. Decision time can be about 1 to 4 weeks for straightforward cases, particularly where underwriting relies on accounts and bank statements.

Project-focused secured term loan

Designed when your main financing story is a specific programme of works. Lenders focus on budgets, payment milestones and delivery plans alongside security and affordability.

Project-focused secured term loan

Project-focused secured term loans are for contractors or developers financing a specific project or a tightly defined set of projects. Eligibility usually depends on evidence such as signed agreements where available, project budgets, payment milestones and cost breakdowns. Lending terms are often 18 to 72 months to match build periods and structured repayments. Typical pricing for SMEs can sit around 6.5% to 13.0% APR equivalent, varying by project risk, stage-payment profile and security. Decision time is often 3 to 8 weeks because lenders tend to review budgets and milestone delivery risk in detail.

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 Funding Agent helps you get matched

Share your £700k loan need

Tell Funding Agent the amount you need, around £700k, your construction type, and what it will fund. Include whether the finance supports a project, equipment or cash timing between mobilisation and customer payments.

Send key documents early

Provide core documents such as accounts and management information if available, bank statements and details of any contracts or milestones. If you are considering a secured route, include information about any security you can offer.

Review lender offers and proceed

Funding Agent matches your profile to lenders that fit the amount and risk. You then review offers, confirm how the funds will be used, and move through acceptance and completion steps once you are comfortable with the structure.