Short Term Business Loans for Construction Companies and Contractors
Short term business loans for construction companies and contractors provide immediate financing for operational expenses and bridging cash flow gaps, essential in this dynamic industry. These loans usually require repayment within 24 months, offering flexibility that aligns with the construction sector's needs.
- 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 Short Term Business Loans for Construction Companies and Contractors?
Our short term business loans offer fast access to capital and no long-term commitments. This flexibility helps businesses maintain smooth operations despite cash flow variations. With loan amounts ranging from £5,000 to £2 million, our solutions cater to diverse needs. Explore how quick loan decisions can streamline your financial planning.
What are the different types of Short Term Business Loans for Construction Companies and Contractors?
Construction Invoice Financing
Designed for firms with outstanding invoices, this financing enables access to funds between £10,000 and £500,000. Ideal for covering immediate costs, it provides terms of up to 12 months with interest ranging from 1.5% per month.
Equipment Financing
This financing option supports purchasing or leasing construction machinery. Offering amounts from £5,000 to £200,000, it features terms from 6 to 24 months and an interest rate starting at 3% APR.
Bridging Loans
For filling short-term funding gaps, bridging loans are crucial. They offer between £25,000 and £2 million for a maximum of 18 months, with interest rates starting at 0.5% per month.
What is a Short Term Business Loan for Construction Companies and Contractors?
Application Processes and Decisions
The application for short term loans involves submitting business registration, financial details, and a funding plan. Our streamlined application processes ensure decisions within 24 hours to 2 weeks, reflecting efficiency and clarity.
Regulatory Compliance
Compliance with FCA's regulations is crucial, ensuring fair lending and transparency in terms and conditions. Adherence to AML and KYC regulations further guarantees security in our financing solutions.
Borrowing Capacity and Rates
With borrowing limits from £5,000 to £2 million, factors such as turnover and credit history impact your capacity. Competitive rates are offered, influenced by industry risks and credit scores, keeping financial solutions accessible.
