FINANCE OPTIONS

^Business Loan Refinancing for Construction - Apply Now

Q: How much can I borrow with business loan refinancing?

You can borrow between £10,000 to £2,000,000, depending on your creditworthiness, revenue, and collateral. Our services cater to a range of needs within this spectrum.

Q: How quickly can I get a decision on refinancing?

Decision times vary by lender and loan type, typically ranging from 1 to 4 weeks. Complete submissions may expedite this process.

Q: What are the common rates for business loan refinancing?

Rates typically range from 3% to 15% APR, influenced by the loan amount, type, and existing banking relationships. We strive to offer competitive rates.

Q: What are the eligibility requirements for business loan refinancing?

Eligibility often includes having a UK-registered construction business, a strong credit history, significant trading history, and in some cases, tangible assets.

Business loan refinancing for construction provides construction firms with the opportunity to replace existing loans with new ones on more favourable terms. This can significantly aid in reducing monthly payments, securing lower interest rates, or restructuring debt timelines, making it an ideal solution for improving financial health.

Business Loan

Secure up to £500,000 in Business Loan with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of Business Loan Refinancing for Construction?

The main advantages of refinancing include improved cash flow, cost savings on interest, extended repayment terms, and debt consolidation. For construction SMEs, assessing current agreements and financial health is essential before applying for refinancing. Applications typically involve detailed financial reporting, with quick decision times starting from just one week post-approval.

Lower interest rates

Improved cash flow

Flexible repayment terms

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Business Loan Refinancing for Construction?

Traditional Term Loan Refinancing

Traditional term loan refinancing suits UK-registered construction businesses with a commendable credit history. Typical amounts range from £10,000 to £500,000 over 12 to 120 months, making it a versatile option for debt consolidation. Learn about our flexible loan refinancing options.

Traditional Term Loan Refinancing

This refinancing option offers interest rates between 3% to 15%, with decision times of 2 to 4 weeks. Use cases include reducing monthly payments or consolidating equipment loans. Explore how term loan refinancing can underpin your business's growth and stability with strategic financial planning.

Invoice Financing Refinancing

Invoice financing refinancing allows construction SMEs to leverage outstanding invoices as collateral, receiving up to 95% of invoice value. With terms up to 6 months, it's designed for immediate cash flow relief. See how invoice financing solutions can empower your business.

Invoice Financing Refinancing

Interest rates for this refinancing range from 1% to 3% monthly, with decisions made within 1 to 7 days. Whether for quick cash flow boosts or leveraging client invoices, invoice financing can be a swift solution for cash-tight circumstances.

Asset-Backed Refinance

Ideal for construction businesses with substantial assets, asset-backed refinance offers amounts from £50,000 to £2,000,000 with terms extending up to 84 months. These are typically effective for purchasing new equipment. Learn more about our asset-backed loans.

Asset-Backed Refinance

With interest rates between 4% to 12% and a decision timeframe of 1 to 3 weeks, asset-backed refinancing is excellent for freeing cash tied in assets. This product supports major business purchases and expansions, positioning our services as prime facilitators of business growth.

What is Business Loan Refinancing for Construction?

Application Processes

Starting a refinancing application involves submitting financial records and detailing existing loans. Our streamlined processes ensure decisions in as little as 1 week post-approval. Discover how our application expertise aids your business.

Regulatory and Compliance Requirements

Compliance is key in financing. All lenders are FCA-authorised and must adhere to UK anti-money laundering regulations. Our experience in navigating these regulatory landscapes ensures secure transactions.

Borrowing Capacity and Rate Information

Factors affecting borrowing capacity include creditworthiness and revenue. Typical rates range from 3% to 15% APR, influenced by factors such as credit scores and collateral. Our competitive offerings can provide effective solutions tailored to your financial profile.