FINANCE OPTIONS

^Long Term Business Loans for Construction - Apply Now

Q: How much can I borrow with a construction loan?

You can secure business loans ranging from £5,000 to £2,000,000, depending on credit history, financial performance, and collateral quality.

Q: How quickly can I get a decision on my construction loan?

For unsecured and smaller loans, decisions are available within 3 to 10 days; larger secured loans can take 2 to 4 weeks. Funds are usually available shortly after approval.

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

Interest rates for construction loans range from 3% to 15% per annum, influenced by creditworthiness and loan specifics. Additional fees may apply.

Q: What are the eligibility requirements for construction loans?

Eligibility typically requires a solid credit history, financial statements, and sometimes collateral, especially for secured loans. Unsecured loans need strong cash flow and credit scores.

Long-term business loans for construction are designed to provide sustained financing to construction-related enterprises. These loans typically offer extended repayment periods and are tailored for significant undertakings, such as equipment acquisitions or business expansions. Many businesses utilize term loans to support extensive construction projects and manage financial demands effectively.

Business Loans

Secure up to £500,000 in Business Loans 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 Long Term Business Loans for Construction?

The primary advantage of long-term business loans is the access to substantial capital, allowing for business expansion and improved cash flow management. Moreover, with tailored repayment plans and competitive interest rates, businesses can strategically plan their financial commitments. Quick approvals and flexible terms further enhance the appeal of unsecured business loans.

Flexible repayment terms

Supports large projects

Improves cash flow

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Long Term Business Loans for Construction?

Secured Construction Loan

A secured construction loan requires solid credit history and collateral for large-scale projects. Typical amounts range from £100,000 to £2,000,000 over 36 to 120 months. Learn more about secured loans.

Secured Construction Loan

A secured construction loan involves interest rates from 4% to 8% per annum, with decision times spanning 2 to 4 weeks. These loans cover major construction projects and real estate developments. Generally, they demand detailed financial statements and collateral appraisal. Discover more about comprehensive secured loans.

Unsecured Business Loan

Unsecured business loans, requiring robust cash flow and a good credit score, range from £10,000 to £250,000 over 12 to 60 months. Explore our unsecured options.

Unsecured Business Loan

Fast approval times of 3 to 10 days make unsecured loans suitable for rapid financial needs, such as working capital or renovations. These loans have interest rates between 8% and 15%. For small-scale builders, these are ideal. Learn about our business loans.

Asset Finance

Asset finance is for purchasing machinery, involving amounts from £5,000 to £500,000 over 12 to 84 months. Get more from asset finance.

Asset Finance

Asset finance offers interest rates from 3% to 7% with decision times of 1 to 2 weeks, supporting construction vehicle purchases. Common in heavy equipment operations, these loans provide leverage for crucial assets. Explore more at asset finance.

What is a Long Term Business Loan for Construction?

Application Processes

The application process for securing a construction loan entails submitting financial statements and a business plan. Depending on the loan, collateral evaluations are necessary. This phase typically spans within a few weeks. Our seamless loan applications simplify this.

Regulatory Compliance

Business loans must adhere to regulations such as the Consumer Credit Act 1974, ensuring responsible borrowing. Compliance with financial regulations protects both lenders and borrowers. Our expertise in navigating asset finance compliance ensures smooth transactions.

Borrowing Capacity

Construction loans range from £5,000 to £2,000,000, influenced by credit history and business age. Interest rates vary from 3% to 15%, based on loan type and financial health. Explore tailored borrowing solutions.