New Construction Project Finance Alternative
There are very few invoice finance companies that will handle construction sector businesses. The issue with finance in this sector is that construction sector projects are often complex in nature. There can be issues such as staged payments, complicated contracts, applications for payment rather than invoices and a variety of other complications. However, a few of the invoice finance companies have broken new ground and extended their offerings to construction sector businesses, in some cases funding against uncertified applications for payment rather than just credit invoices.
Another of our funding partners has just moved into the construction arena offering another option for clients which is welcome. As with some of the other construction project finance providers, this alternative funder uses a Quantity Surveyor or QS to really understand the nature of the project and contracts allowing them to be more liberal with their funding.
For more information about construction sector finance please see this link: https://www.fundinvoice.co.uk/finance/construction-finance.html
Posted: 10th of December 2013