Construction - How available cash can help your business
Troubled Times
The construction industry is often the first major industry to feel the affects of troubles in the economy. Construction projects will be the first to be culled when both the public and private sectors need to reign in expenditure. However as building projects are financed on long-term contracts, any cancellation or delays can have severe repercussions to the your business.
High Street Banks are often reticent to aid construction companies as assets can not always be secured on half completed projects, and the multitude of contingent liability clauses allow little room for leeway in the renegotiation of finances.
Building Assets
Specialised lenders know the problems faced within the construction industry and can offer finance packages based on the assets available. This can include:
Construction Finances
However, Touch Financial is an expert at finding the right financing solution for the construction industry. We work with specialised lenders who provide internal quantity surveyors that will provide honest and reliable asset valuations. The lenders also understand the differing payment and contract terms within the industry, and the importance of advance rate for completion of projects.
Touch Financial understands all these complexities faced by the construction industry, and have in-depth knowledge of the specialised lenders. Why not talk to us today to see how we can help your business
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