Invoice Finance for Scaffolding companies
Scaffolding is a sector many Invoice factoring companies shy away from for the same reasons as other construction industries. Most lenders don’t like to work with businesses making application for payments or contracts with liquidated damages clauses but at Beacon Finance we can assist in your funding. We have the capacity to find you an appropriate lender to provide your company with Scaffolding Invoice finance.
There are selected lenders that operate an invoice discounting facility for scaffolders, we have funded businesses with all these lenders and can quickly understand which may be suitable.
Scaffolding Invoice Finance – what is required?
Terms do vary but as a general guide:
- Lenders would prefer you to own your own equipment rather than have it on finance
- Advance rates against debtors varies from 50% to 80%
- More lenders available if projected turnover is >£500,000
- It is preferred if the director is a homeowner
Should you need to Scaffolding invoice finance for your company please do get in touch. We are happy to do a free review and can quickly let you know if there is a suitable lender or a better deal. We often are able to raise separate loans on the side in addition to the Invoice Finance facility, enabling a higher level of funding.
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