FINANCE OPTIONS

^Long Term Business Loans for Construction Trades – Get Loan

Q: How much can I borrow with a long-term business loan?

With a long-term business loan, construction trades can borrow between £10,000 and £5,000,000, depending on factors such as credit history and business financial health, as well as assets available for security.

Q: How quickly can I receive a decision on my loan application?

The initial decision on loan applications ranges from 24 hours for invoice financing to about 8 weeks for significant secured loans, dependent on the completeness of your application and the due diligence required.

Q: What interest rates should I expect on a long-term loan?

Interest rates for long-term loans typically run from 4% to 20% APR. They vary based on loan type and the risk assessment factors, including credit scores and security provided.

Q: What is the eligibility criteria for obtaining a secured business loan?

Eligibility for secured business loans usually includes having at least two years of trading history, good credit, and asset security, such as construction equipment or property, for collateral purposes.

Long term business loans for construction trades are crucial financial products tailored to provide UK construction companies the capital necessary for expansive projects, equipment acquisition, and operational growth. Using these loans, businesses can manage significant cash flows needed for sustenance and development. Enhance your company's capabilities with business loans over 4 years.

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 Trades?

The advantages of long term loans include extensive capital availability, enabling substantial expenditures without immediate outlay, thus managing cash flow and sustaining operations efficiently. Explore rapid decision-making and competitive rates through solutions like our unsecured loans over 6 years.

Flexible funding options

Supports project growth

Lower interest rates

SCALE YOUR BUSINESS TO NEW HEIGHTS

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

Secured Business Loans

Secured business loans typically require a solid trading history and asset security, offering amounts from £100,000 to £5,000,000 with terms up to 120 months at 4% to 10% APR. Perfect for funding large projects in construction trades such as those offered by trade finance.

Secured Business Loans

These loans often demand a comprehensive asset valuation and detailed business plan. Decision times are longer, approximately 4-8 weeks, making them suitable for companies with thorough financial documentation. Consider our asset finance solutions for more tailored funding needs.

Unsecured Business Loans

Unsecured business loans require strong credit and at least a year in business. They offer between £10,000 to £250,000 over 36 to 60 months with rates from 6% to 20% APR. Ideal for quick capital without collateral, similar to what Capify offers.

Unsecured Business Loans

These flexible loans support rapid growth with decision times from one to three weeks. They're used for enhancing working capital or project staffing, particularly in niches like electrical and plumbing services. Discover our unsecured loans for expansive growth.

Invoice Financing

Invoice financing enables companies to advance up to 95% of invoice values, bridging cash flow gaps due to client payment delays. With decision times within 72 hours, this is a swifter financing method as categorized under invoice finance options.

Invoice Financing

Suitable particularly for high cash flow industries like construction, this method involves submitting outstanding invoices to the lender. It's an effective strategy for project management firms or subcontractors ensuring liquidity during expansive projects as offered by top invoice finance lenders.

What is a long term business loan for construction trades?

Application and Decision Times

Regardless of the type, loan applications for long term business funding require comprehensive financial details and clear business plans. Decision times range from 24 hours for invoice financing to eight weeks for secured loans, underscoring the importance of proper due diligence. Consult our loan reviews for insights into application efficiency.

Regulatory and Compliance Considerations

All lenders are regulated by the Financial Conduct Authority ensuring transparency and fairness. Adhering to these strict guidelines is crucial for maintaining ethical loan practices. Delve deeper into compliance with our regulatory FAQ section.

Borrowing Capacity and Rate Influence

Your business's borrowing capacity can range from £10,000 to £5,000,000, heavily influenced by credit history and financial planning strength. Interest rate terms vary based on several factors, exacting strategic financial management. Explore options for effective rate management through our small business loan services.