- 0330 113 8133
- 07529 692234
- info@ukbfinance.co.uk
- 9 Little Park Street, Coventry, West Midlands, CV1 2UR
Construction invoice finance works in a similar way to other invoice finance facilities but is set up to support construction and contractual businesses.
When we refer to contractual business, we mean those who have signed debtors or customers’ contracts to complete work under their T&Cs. The business will receive a pre-agreed advance payment on their invoice typically up to 85% for work they have completed. Once they have received a sign-off or confirmation that the work has been completed the remaining balance minus the fees is returned to the business. Negating the need to have to wait for 30, 60 even 120 days for payment.
If a business is fulfilling a contract with high raw material costs, labour costs, or larger projects that will put a strain on cash flow then construction finance can be used to aid this.
If stage payments are put in place for each part of the work being completed, this is ok with the invoice financier. If the business is subject to a large contract such as a JCT contract or CIS tax, then again, the invoice financier will understand these. Certain invoice finance companies will have specialist products that purely support construction companies. The invoice finance facility enables construction companies in the UK to access finance and support cash flow in a secured sustained manner.
We understand construction business’s in the UK can be susceptible to having a strain on cash flow or find it difficult to access commercial finance. As a finance broker, one of our many jobs is to support businesses in the UK secure construction finance. Once we have done this we present and discuss the invoice finance quotes with you. We are very well placed to support businesses in the construction industry and have experience in securing business finance for them.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
We are a credit broker not a lender. UK Business and finance solutions Limited , registered at 9 Little
Park Street, Coventry, West Midlands, CV1 2UR. Company Register number is 11005876 . We are registered with the ICO, ZA336227 and you can check via www.ico.org.uk. We will receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based within the UK.
If you wish to register a complaint please contact us at info@ukbfinance.co.uk or write to us at: 9 Little Park Street, Coventry, West
Midlands, CV1 2UR
Uk Business and Finance Ltd is a credit broker and not a lender. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.
