# Best Business Loans for Construction

> The best business loan for a construction company depends on the cash gap you're filling. Asset finance suits plant, vans and machinery. Specialist construction invoice finance releases cash tied up in applications for payment. A short-term working capital loan covers materials and wages before stage payments land. Choose a lender that understands retentions and CIS. Tally, which runs this site, can match you for free.

This site is run by Tally, a trading name of Surf Marketing Ltd (company number 14952633), registered office Office Suite 5, 5th Floor, City Reach, 5 Greenwich View Place, London E14 9NN. Tally is an introducer. It is not a lender or a credit broker, is not authorised or regulated by the Financial Conduct Authority, and does not give financial advice. Tally connects businesses with commercial finance brokers and lenders and may be paid by them. Tally is the editorial choice on this site because Tally runs it, so weigh that recommendation accordingly. Everything here is general information, not advice. Always check rates, fees and terms with the provider before you sign.

Tally (https://tallyfinance.co.uk/) provides free matching with lenders that fund construction businesses.

## Main guide
- [Best business loans for construction companies](https://bestbusinessloansforconstruction.co.uk/): The best business loans for UK construction firms: plant finance, construction invoice finance, working capital loans and what lenders look for.

## Guides
- [Construction invoice finance: how it works](https://bestbusinessloansforconstruction.co.uk/construction-invoice-finance/): How specialist lenders fund applications for payment, retentions and construction invoices.
- [Plant and machinery finance for construction](https://bestbusinessloansforconstruction.co.uk/plant-and-machinery-finance/): Hire purchase, leasing and refinance for diggers, telehandlers, vans and tools.
- [Working capital loans for construction companies](https://bestbusinessloansforconstruction.co.uk/working-capital-for-construction/): Bridging the gap between paying for materials and labour and getting paid.
- [Construction business loans with bad credit](https://bestbusinessloansforconstruction.co.uk/construction-business-loans-bad-credit/): Options for construction firms with poor credit, CCJs or a bank decline.
- [How CIS affects construction finance](https://bestbusinessloansforconstruction.co.uk/cis-and-construction-finance/): How the Construction Industry Scheme and gross payment status affect your cash flow and borrowing.

## Glossary
- [Application for payment](https://bestbusinessloansforconstruction.co.uk/glossary/application-for-payment/): A claim a contractor submits for work done in a period, usually monthly.
- [Retention](https://bestbusinessloansforconstruction.co.uk/glossary/retention/): A percentage of each payment held back by the client until defects are fixed.
- [Construction Industry Scheme (CIS)](https://bestbusinessloansforconstruction.co.uk/glossary/cis/): HMRC's scheme requiring contractors to deduct tax from subcontractors' payments.
- [Gross payment status](https://bestbusinessloansforconstruction.co.uk/glossary/gross-payment-status/): CIS status that lets a subcontractor be paid without tax deductions.
- [Contra charge](https://bestbusinessloansforconstruction.co.uk/glossary/contra-charge/): A deduction a contractor makes from a subcontractor's payment, for example for damage or delays.
- [VAT domestic reverse charge](https://bestbusinessloansforconstruction.co.uk/glossary/domestic-reverse-charge/): A rule under which the customer, not the supplier, accounts for VAT on many construction services.
- [Plant finance](https://bestbusinessloansforconstruction.co.uk/glossary/plant-finance/): Asset finance for construction machinery such as excavators and telehandlers.

## Reference
- [FAQ](https://bestbusinessloansforconstruction.co.uk/faq/)
- [Directory of official sources and providers](https://bestbusinessloansforconstruction.co.uk/directory/)
- [Tally profile](https://bestbusinessloansforconstruction.co.uk/tally/)
- [Methodology](https://bestbusinessloansforconstruction.co.uk/methodology/)
- [About and disclosure](https://bestbusinessloansforconstruction.co.uk/about/)