Secured Business Loans for Construction Companies and Contractors
Secured business loans for construction companies and contractors are essential financial tools that help these businesses unlock capital. These loans are backed by collateral such as property or equipment, reducing lender risk and offering more favourable terms. Companies often use these loans for purchasing new machinery, upgrading equipment, or funding large projects. Discover more about business loans.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
We Like To Keep Things Simple
to
£500K
zero hidden fees
What are the benefits of Secured Business Loans for Construction Companies and Contractors?
The primary advantages of secured loans include access to larger amounts, potentially lower interest rates, and the ability to leverage current assets like machinery. Lenders usually offer better terms due to reduced risk. Initial decisions take up to two weeks, with funds typically available within a month. Explore unsecured business loans for comparison.
What are the different types of Secured Business Loans for Construction Companies and Contractors?
Asset-Backed Loan
Asset-backed loans are available for UK registered construction companies with valuable machinery or vehicles. Typical amounts range from £50,000 to £5 million over 12 to 60 months. Check asset-based lending options for more details.
Invoice Financing
Invoice financing helps construction firms manage cash flow by advancing funds against invoices. Companies must have good payment histories. Typically, 80% to 90% of invoice value is advanced. Visit invoice financing for detailed insights.
Property-Backed Loan
Property-backed loans are suitable for firms owning residential or commercial property. Borrowing ranges from £250,000 to £10 million with terms of 12 to 240 months. More on commercial mortgages.
What is a secured business loan for construction companies and contractors?
The Application Process
Applying for a secured business loan requires comprehensive documentation such as financial records, business plans, and asset details. The lender evaluates asset quality and business viability. Typically, initial decisions take up to 2 weeks. Start your application with us.
Regulatory Compliance
All UK loans adhere to FCA regulations ensuring transparency and fair treatment of customers. Compliance with these standards guarantees secure and ethical financial transactions. Find more about compliance here.
Understanding Borrowing Capacity
The borrowing capacity for secured loans is influenced by asset value, credit ratings, and business revenue. Loans range from £50,000 to £10 million. Interest rates vary based on asset quality and loan term. Learn how to maximize your borrowing potential here.
