Construction Finance: Helping you build your projects and your business

Construction Finance can provide the solution. It releases funding as you need it by advancing cash against your applications for payment or staged invoices.  

Why you need funding, even when your construction business is booming

In the construction industry, payments can be sporadic. You can find yourself weeks or even months into a big contract without receiving a payment.

Long payment terms, applications for payment or contractual issues, can all mean your construction business is paid late - and without cash, you could find yourself unable to work. Late payments from one client can leave you unable to complete projects for another. Paying staff, suppliers, and sub-contractors can be impossible when you’re waiting for the money to enter your account. Workers can walk off the site. Suppliers will refuse to deliver materials.

Construction Finance - or Construction Factoring - could provide a lifeline.

How Construction Finance works

Rather than having to wait months or even years for your invoice to be paid, construction finance treats those invoices as an asset - and uses them to give you fast access to working capital. You can receive payments within 24 hours of invoicing.

This means you don’t have to get payments from your clients before you can pay staff and suppliers, or take on new projects.

It is designed specifically for the construction industry, and provides an ongoing credit facility that protects you against late-paying clients, lets you pay your subcontractors, and can help you build your business.

Why you need Rangewell to set up Construction Finance

The sums involved in Construction Finance can be substantial. Many funding providers which offer general Invoice Finance solutions lack the necessary expertise to deal in this sector.

At Rangewell, our team have specialist expertise in the construction sector. We know and work with lenders who can provide the scale of funding you need, and understand the challenges your construction business faces. We can work with you to discuss the options like bad debt protection and find the most competitive funding for your needs

Construction Finance brings you funds fast

Construction Finance provides cash advances based on the value of staged invoices or applications for payment you have issued, but have yet to be paid for.

1. Submit your billing to your client - and a copy to your Construction Finance provider.  
2. The provider will release an agreed percentage of the total value to you, usually within 24 hours
3. Once your client completes payment, your provider will release the remainder to you, less their fees.

Construction Finance can offer working capital to businesses throughout the construction industry. If your business operates under stage payment contracts, it could provide the cash you need to build your business. We can also help with JCT Contract Funding.

At Rangewell, we help businesses across the construction industry access the funding they need. If you have problems with payments and cashflow, and want to find a solution that can help you build your business, please call us.