Touch Financial
4.9
 206 Reviews

Construction Funding

Funding a construction firm is considered one of the more challenging tasks in the world of finance. But there are solutions. The payment terms are often unfavourable in an industry which can often include multiple layers of contractors and subcontractors, forcing you to wait 30-120 days to receive payment from work which you have already completed. So if you’re wondering “what is construction finance?” and “how can it help my business?” read on below.

Construction Financing – Immediate Access to Cash

This can stop even the most profitable firms from getting on with the next job and growing their business. Having immediate access to this cash will allow you to pay for staff, materials, equipment hire and other suppliers required so you can bid more competitively on those large upcoming projects. Just what you need when margins are already tight.

This cash flow solution comes in the form of invoice/application factoring which will help you increase the size of the projects you can take on. Construction factoring allows you to effectively advance the major part of the payment(s) you are expecting to receive from a job you have completed so you don’t have to wait the full 30-120 days and can get on with funding the next project.

Highly flexible and tailored to your needs

What’s more, this theory can be used for invoices, applications for payment and retention ledgers. Fill in the quote form on this page to learn more about construction factoring from the experts in business funding. There is no charge for using our service.

More reasons to go through Touch Financial – Construction Finance

Our tailored approach means you have the flexibility to find a solution which is right for your construction company. Our consultants will ensure you get the best construction financial services from the right lender for your situation. Some of the other useful services which can be included in construction finance include:

  • Bad Debt Protection – You will always be paid on time as the lender will provide you with the cash you are expecting. It protects you just in case your customer goes insolvent in these difficult times.
  • Management and Collection Facility – We can find you an experienced construction finance lender who can take on the responsibility of managing and collecting any outstanding contract debts, saving you time and money. The decision to include this in your facility is up to you and we can provide quote with and without it included.
  • Confidential Service – We understand that your customer relationships are important for generating further business. Our lenders ensure these relationships are kept in the highest priority by offering a confidential construction finance service. Your customers will never need to know you are using a facility.
  • Dedicated Quantity Surveyors – We have special relationships with lenders that offer dedicated quantity surveyors ensuring everything runs smoothly whilst receiving payments for a job well done.
  • Solve common industry problems – By sourcing you the best fit funding you need, we can help fund your project costs; provide cash for new equipment or tools; and help to pay off suppliers earlier so you can benefit from economies of scale discounts you may previously have not received.

The Construction industry has it\’s own set of funding challenges. Let us help you find the best funding solution from our range of construction financial services to suit your needs.

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Touch Financial Rated 4.8/5 based on 173 customer reviews. See reviews here »

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"Very polite and a professional team of financial advisers who seem to know their business, work well within their industry and get a result."-Invoice Finance Introduction

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