Finance for the Construction Industry: Utilities
Cost-effective answers for the provision of utilities
- Protect your cashflow
- Take on larger projects
- Roll up interest
- Scaled for large development needs
- No upfront capital costs
- Spread costs over 6-60 months
- Rates from 6%
- Repayment tailored to your needs
- Secured on your contract
- Rates reflect your client’s credit rating
- Versatile - cover supplies and other costs
- Flexible repayment is made when your client pays you
If you are a builder or developer, you already know the challenges of getting utilities connected to a newbuild or greenfield site. It can mean delay, problems with scheduling - and most of all it can mean costs that you cannot recoup until the project is handed over or sold. At a Rangewell, we can provide financial solutions to deal with the costs of utilities provision.
Organising utility connections can be difficult on any scale of
The National Federation of Builders (NFB) makes a regular survey of the levels of service that contractors experience when seeking new connections from electricity, gas or water companies. On larger schemes, the costs of providing multiple connections,
There will always be costs for connections and supporting works carried out by the utility companies. On greenfield schemes where network extension works are necessary, the developer will usually have to pay the full
Developers may have to pay months in advance for a service to be connected.
At Rangewell, we can help you find solutions to the need
As a builder or contractor, it means you can:
Avoid the need to find cash upfront - avoiding cashflow issues
Spread or delay repayments until you are paid for the work
Take on any scale of project
As a developer, it means you can:
Provide for any connection cost
Avoid making additional demands on capital
Avoid additional calls on existing lenders
Funding for all types of utilities
On a domestic project in an area already served, connections costs may not be too large to deal with. But on major developments with dozens or even hundreds of
Broadband and telecoms
Finding Funding options with Rangewell
Many lenders find providing finance for development is outside their areas of expertise. difficult. At Rangewell we know lenders who will work in the sector, and can provide cost-effective funding options for your needs - whether you are a developer or
Lending can provide a cost-effective solution in some circumstances - talking to a Rangewell expert will help you decide if they are right for you.
There are two basic types of business loans, which can be used for any business purpose and can provide a simple way to provide the electrical supplies you need,
Unsecured business loans
Unsecured lending can be suitable for costs up to around £250,000. They operate much like a personal
Secured Loans are ‘secured’ because the lender will require security in case you cannot pay the loan back. This could be your home or your business premises. They can be used to borrow large sums. Because security reduces the risk for lenders, interest rates tend to be significantly lower than Unsecured lending. Current rates may be as low as 2% over base rate.
Contract Finance - providing a solution for main contractors
Contract Finance <link> acts to advance funds against your future billing - in effect using the value of your contract as the security for a loan
With Contract Finance, the finance company will expect to see a detailed contract from a reputable end customer. They will want to ensure that your customer will be able to pay for the work once the contract has been completed.
This means that it is the credit rating of your end customer, rather than that of your own business, which will be central to securing the finance you need. Working for a large organisation, such as a major developer, a local authority or a central government organisation, might all be ideal.
Development loans - providing funding for developers
Property Development lending <link> ranges from small-scale funding for individual domestic refurbishments to complex finance for major mixed-use developments providing multiple new
Property development finance includes a wide range of solutions, with lending secured on land value or on the property itself. Loan terms are flexible from 1 – 12
How we help you capitalise your business
At Rangewell, we work across the entire lending industry and our finance experts have personal experience of different business sectors. Our team knows the lenders who specialise in finance for the construction industry.
We put this knowledge to work for you, finding the most competitive deals for the supplies you need
As well as conventional finance products, we can help you find Alternative Funding, using new loan providers and styles of funding.
Whether you have a straightforward finance
Simply call us now to find out more.
WHAT WE CAN DO
Find finance to allow a contractor to fund utilities provision an entire estate development
Source a loan to allow a developer to fund utilities provision for a remote brownfield site
Set up funding to provide all utilities for a mill conversion
Find the most competitive funding for the connection of a large urban development, which required upgrading local services
Find funding for connecting a small farm development to utilities
What businesses say about finding finance for utilities
Helping you build your profits
Tailored to your businessWe can help set up funding to fit your business. We work with you to find the most appropriate solution.
Protect your cashflowYou can find the funds you need to connect utilities you need without impacting your cashflow.
Support growthYou can take on any scale of project knowing that you can fund the utilities connections you will need.
Any scale of projectWe can provide funding solutions whether you are undertaking a conversion or building a multi-home development.
Cost effectiveWe can work with you to find the most cost effective solution to connect the utilities you need.
Fixed repaymentsYou need to keep your monthly outgoings under control. We can help you match payments to your budget.
Download Rangewell’s free and detailed guide to finance for the construction industry
How you can work with equipment you can’t afford to buy
What are the types of finance - which is right for you?
How to find the right provider - why they are not all the same
Are there downsides to finance?
How to arrange Asset Finance
What paperwork do you need?
Key terms explained
Getting the right funding is essentialGetting the most appropriate type of finance for your particular needs is essential to keep costs under control.
Costs may be highSome types of funding may mean a high cost for credit.
Long-term financial commitmentYou may not be able to pull out of a finance arrangement once it has been set up.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.