Industries
Construction & Civil Engineering Finance
Funding for contractors, subcontractors and civil engineering firms, from plant and vehicles to mobilising new contracts and bridging long payment cycles.
Common funding needs
- Plant and machinery such as excavators, dumpers and telehandlers
- Vans, pick-ups and HGVs
- Upfront costs of starting a new contract
- Cash flow while waiting on valuations, applications for payment and retentions
Construction businesses face some of the toughest cash flow cycles of any sector: long payment terms, retentions, and large upfront costs for labour, materials and plant.
How finance can help
- Plant and vehicles: spread the cost of equipment over its working life.
- Contract mobilisation: cover the costs of starting work before the first payment.
- Working capital: smooth the gaps between valuations and payments.
We look for lenders that understand how construction contracts and payments work.
Finance options to consider
- Asset FinanceSpread the cost of the equipment your business relies on, from vans and HGVs to machinery, plant and technology, instead of paying for it all up front.
- Machinery & Equipment FinanceFunding for production machinery, CNC equipment, plant, tooling and specialist kit, new or used.
- Contract FinanceFunding for the upfront costs of starting a new contract, such as labour, materials and equipment, before the first payments come in.
- Invoice FinanceUnlock cash tied up in unpaid customer invoices instead of waiting 30, 60 or 90 days to be paid.
- Working CapitalShort to medium-term funding that keeps day-to-day operations running smoothly, covering the gap between paying suppliers and staff and getting paid by customers.
Questions
Can construction businesses use invoice finance?
Some lenders offer construction-specific invoice finance that works with applications for payment and stage billing. Standard invoice finance does not always suit construction contracts, so it is worth using a lender that understands the sector.
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