As much of the Construction industry gears itself to return to work on 18thMay, many SME construction companies are already feeling the pressure on their cashflow.
Scores of construction companies are returning with a reduced workforce yet overheads and expenditure are still high; especially as stock, supplies and materials have increased in cost due to stock piling, and extreme levels of supply and demand.
Competition will be fierce for the considerable future. The future success of your business will depend on your ability to compete with your rivals. You can only do this through a fluid and consistent cashflow.
This is why you need to convert your invoices into cash the moment they are issued. This is achievable through specialist construction invoice finance.
Invoice finance is a proven and established finance option for SMEs.
Whilst lending has reduced in the UK finance market, in particular the construction industry, there are invoice finance providers who have opened their doors to new customers for construction invoice finance facilities.
A stable cashflow brings financial stability amidst an uncertain climate.
You are not required to have capital or assets to secure against your facility. Your invoice is your collateral.
Specific, tailored construction invoice finance is ideal for those companies wanting to release cashflow that is tied up in outstanding invoices.
With payment of up to 90% (balance when invoice settled), within 24 hours, your business can cover staffing costs, materials, pay suppliers and other operating expenses. It takes away the burden of late paying customers; putting you firmly back in control of your finances. You can even add credit insurance to your facility if you’d like that additional peace of mind.
We have access to facilities that allow you to release working capital on your invoices, contracts, construction agreements and even purchase orders.
Your facility organically grows with your business; a rolling cashflow injection unlike a loan which will run dry.
How it Works...
Issue your invoice, copying in your provider.
You are paid up to 90% within 24hrs.
The credit control aspect of the invoice is managed by your provider.
When each invoice is settled the balance is paid.
Why Let Me Arrange Your Construction Invoice Finance Facility?
As an independent broker, I have direct, fast track status to the UK invoice finance providers. I can secure your new facility quickly and easily. I break down any ‘technical jargon’ for you and even manage all the administration of arranging the facility so for you the entire process is clear, simple and fast.
Arranged Remotely
Your facility can be set up remotely – within Government guidelines – via Zoom meetings, desktop audits and docu-sign agreements. COVID-19 lock down will not stop your facility being arranged!
Call me today and let me talk you through your options – call me directly on 07785 596053 or email me at carole@capitalcorporate.co.uk
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