Construction Finance

Discover finance options within the Construction industry and how additional
funding can help your business.

Construction Worker SME

What we offer

What is construction finance?

Commercial Construction Finance is a broad landscape of funding across many types of businesses, from bathroom and kitchen installations, to large-scale building works. Due to the nature of the industry, Invoice Finance is a very common product. Construction Factoring is a funding solution for contractors and subcontractors, which allows funds owed to the company via invoices to be paid out early.  If you struggle to fulfill payments from your suppliers and/or complete staffing payments due to a shortage in cashflow, an invoice finance facility can provide support for your company, and allow you to manage your working capital more effectively. Cashflow can be a major hurdle to jump for some people, especially those in construction, as it can halt projects and reduce your success.

Workers in construction site
worker standing in construction warehouse

These hurdles can be completely avoided with an Invoice Finance facility. With the right facility for you, you can access up to 70% of all invoices owed to you in as little as 24 hours. It is a quick and simple process, and can solve many of your financial stresses.

Construction Loans are also a common product as it provides an injection of cash into your accounts in order to fund new, or existing projects. This can be arranged in the form of a traditional business loan, or an asset finance facility. An asset finance facility allows you to finance a piece of equipment, vehicles or plant, rather than paying a lump sum on day one. This can also be organised as a refinancing of one of your already owned assets. This works similarly to a Secured Loan, freeing up working capital for business use.

Eligibility

Turnover

Unless you are a new start-up company, the minimum turnover most lenders will deal with is £250,000.

Trading History

Similarly to Turnover, start-up companies can get funding, however a minimum of 6-12 months trading will give you access to a much more broad range of lenders on our panel.

UK Registered Businesses

Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Limited Companies.

Key Products for Construction Funding

The most common product for construction companies is Invoice Finance. Invoice finance allows you to get paid out early on your invoices owed to you.

Can Invoice Finance help my business grow?
Invoice Finance facilities increase cashflow, and allow you to run your company the way you want. This type of service is ideal for you if:

- You are a contractor or sub-contractor

- You invoice your customers

- You want to maintain, or increase cashflow

- You need to ensure no payments are missed to your suppliers


Workers in construction site
worker standing in construction warehouse

Can I acquire an Invoice Finance facility if I have bad credit?

Invoice Finance facilties are available to those with adverse credit, although certain lenders will become made unavailable due to not fitting their criteria.
This can be discussed with one of our consultants in more detail if this is an issue you may face.

Will there be credit checks during the application process?

To acquire an invoice finance facility, credit checks will take place. We do not check your credit score during our application process, but once an offer has been agreed with your associated lender, they will run a credit check. You will be made aware of this occurance before the time comes. Once you have applied through our application page, we will send your details to the lenders we see best fit for you. They will then conduct communication, and make you aware of any credit checks that will take place.

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FAQs

How much will a Construction Invoice Finance facility cost?
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The cost of the facility will depend on a few factors. These are essentially decided by what you want from the facility, and how large your company is. Different lenders have different costs & fees that go with the arranging and running of your facility, but the main charges that go with running an Invoice Finance facility are the service fee, which is a percentage of the invoice value, and the discount fee, which is calculated from the amount of money advanced to you.

Am I eligible for a Construction Invoice Finance facility?
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 Eligibility varies largely from lender to lender, with some being more flexible, some more rigid with their criteria. The basic criteria for applying for an Invoice Finance facility is as follows:
£250k minimum turnover
UK Registered Limited Company
If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.

How long does it take to set up a Construction Invoice Finance facility?
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Invoice Finance facilities can be completed in as short as a few days, although the process can take longer. Our aim is always to make the process as quick, and simple as possible.

How much money can I get as a Business Loan?
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With an Unsecured Business Loan, anything between £10,000 and £350,000 can be funded. With a Secured Business Loan, the range can be anything between £25,000 and £2,000,000.

Why JD Capital Finance?
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We are not your average broker. We strive to find you the perfect funding facility for you, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.

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“Would thoroughly recommend using JD Capital, we had great service all the way through the process from Perry. We will definitely be back should we need any more finance for my business”

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Disclaimer: JD Capital Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.

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