Industries
Construction
WHY DO CONSTRUCTION COMPANIES NEED FINANCE?
The UK construction sector is highly fragmented. Due to the specialised nature of many of the tasks involved in a build, the main contractor will work with a multitude of subcontractors. Main contractors tend to be large companies that have wider access to finance. They’re also in a position where they don’t need to hold much working capital themselves as they don’t pay subcontractors until they are paid by the client.
Subcontractors are smaller companies and the need to hold working capital is higher as they pay for materials and labour prior to being paid by the main contractor. Finance options are more limited because of the challenges that lenders face in underwriting SMEs.
This is where MarketFinance comes in. We have experience helping construction companies get funding for their businesses.
Our flexible solution is already helping construction businesses up and down the country to fund gaps in cash flow, as and when they need, and to take advantage of potentially lucrative project opportunities.
Our case studies
How we help construction companies fund their growing businesses
With selective invoice discounting , construction business can:
- Choose which applications for payment to fund and pay per use
- Get advance rates of up to 65% for UK debtors and up to 55% for non-UK debtors
- Get limits of up to £1 million, typically 10-15% of turnover; for companies growing quickly, larger limits may be available
It’s quick and easy to access funds, which means you can get the cash flow you need to get on with business. With MarketFinance, you get:
- Fast funding: quick funding decisions and set-up
- Hassle free experience: easy to use digital interface
- Help in real-time: personal customer support
- Straightforward costs: no hidden fees
