Business loans for construction and trades

Construction and trades work is front loaded on cost. You pay for materials, hire subcontractors and cover wages long before a client releases a stage payment or settles the final account. A business loan gives you a fixed lump sum to carry those costs, repaid in predictable monthly instalments over an agreed term. That certainty is valuable on a sector where cash flow is naturally lumpy and a single delayed payment can stall a project.

Unsecured business loans of up to £500,000 are available without charging property, with decisions on smaller amounts often made within 24 to 48 hours, which suits the pace at which construction opportunities move. Lenders assess your trading history, turnover and the strength of your order book rather than only the value of any single contract. Larger requirements can be arranged on a secured basis to bring the rate down, and newer firms with strong contracts in place can still access finance through specialist providers.

A business loan complements the other tools the trades rely on rather than competing with them. Where invoice finance releases cash tied up in specific unpaid invoices and asset finance funds the plant and vehicles, a term loan is the right choice for general working capital, hiring, buying out tools and equipment cheaply, or investing in the yard and premises. We look at what you are actually funding and, where a mix of products serves the business better, we will structure it that way.

• Bridging the gap between project costs and stage payments
• Funding materials and subcontractors for a new contract
• Hiring staff or investing in the yard and premises
• Covering wages and running costs through cash flow gaps