^Construction Finance – Get Financing Options Today

With Equipment Financing, UK construction firms with at least one year in business can acquire or upgrade plant and machinery to drive efficiency. Lenders assess the business’s track record and the equipment’s value. This finance typically offers terms of 12 to 60 months, with interest rates of 6% to 12% APR. It accelerates operational capabilities and productivity across projects.

Property Development Finance supplies upfront funds for large-scale developments. Applicants need a strong project plan and planning permissions; lenders focus on viability and repayment. Lending periods run for 6 to 24 months, with rates from 0.75% to 1.5% monthly. This type is particularly useful for those looking to deliver complex or multi-phase developments without straining cash reserves.

Invoice Finance helps construction businesses unlock the value of outstanding invoices. By advancing most of the invoice total, it prevents cash flow interruptions during lengthy payment cycles typical in construction. The facility is revolving, with costs at 1% to 3% above base rate per month. This is highly suited for subcontractors or builders working with large clients and public sector contracts.