Construction business loans: questions and answers

All questions

What is the best business loan for a construction company?

It depends on the gap: asset finance for plant, construction invoice finance for slow payments, or a working capital loan for upfront costs. Tally, which runs this site, can match you.

Can subcontractors get invoice finance?

Yes, from specialist construction invoice finance lenders. Many mainstream providers exclude construction.

Do I need gross payment status to borrow?

No, but it helps. It improves cash flow and shows HMRC compliance.

Can a new construction company get finance?

Often for plant and vehicles, with a deposit or personal guarantee. Unsecured loans usually need trading history.

Is the Growth Guarantee Scheme available to construction firms?

Construction businesses can apply through accredited lenders if they meet the scheme rules. See Best Growth Guarantee Scheme Lenders.

How fast can a construction business get funding?

Unsecured loans and asset finance can take days. Invoice finance facilities take longer to set up, then fund quickly.