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Historically it has been notoriously difficult to obtain Invoice Finance if you work in the construction sector.  Lenders are not keen to take on contractual debt as in the event they have to collect the invoices during an insolvency process it can be complex and time consuming for them.

The Invoice Finance Market is changing

The great news is that more lenders are now seeing the benefit of working with businesses that operate within this market.  As more lenders are entering the market it’s driving greater competition and therefore we are seeing a reduction in the overall price and better service levels.

We would actively encourage a review if you are an existing user of Invoice Finance as the market has really expanded over the last few years.

Beacon Finance fund many sectors including:

  • Roofing
  • Maintenance Companies
  • Scaffolding
  • Industrial cleaners
  • Electrical
  • Groundworks
  • Plastering / dry lining
  • Decorating
  • Flooring
  • Heating
  • Plumbing

Construction Invoice Finance cost and rates

Advance rates tend to vary between 40% and 85% dependent on sector and the nature of contracts.  If you would like to clarify likely advance rates prior to a full application we can happily discuss this with you.

We have lenders that are happy to fund against applications for payments rather than invoices.

When assisting businesses in these sectors we are often tasked to raise as much funding as possible, we therefore often assist with cash flow loans alongside an invoice finance facility to ensure a company gets the funding levels it needs.