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Why choose us for construction?
We have the experience and knowledge to find you the best deal with the most appropriate funder for your business.
Construction financing is unique and we work with funders who understand the complexities of this sector.
Money will be made available at different stages against certified and uncertified applications for completed work.
Available to contractors and sub-contractors who provide services to main contractors under a contract.
The Construction Industry
Are you running a growing construction business with a significant amount of money tied up in unpaid billing – contractual debt, uncertified stage payments or applications for payment? Is the problem becoming greater and holding you back the faster your business grows?
This is where we can help. Whether you are a contractor, sub-contractor or managing a construction company, with years of experience working with businesses like yours and our panel of funders, we make it easy to obtain the money you need for your business as quickly as possible, with a fantastic range of construction finance available.
What is invoice finance for the construction industry?
Construction finance in the form of factoring can be extremely beneficial for construction businesses which are consistently waiting for overdue payment. For this industry in particular, it can speed up processes and alleviate problems releasing cash to deal with subcontractors and finance obtaining equipment and materials; this allows you to concentrate on your current projects and plan for your business’ future.
Whereas invoice discounting can provide you with the cash you need quickly and confidentially whilst also giving you the opportunity to maintain control of your own project and finances. If customer service and client relationships are of particular importance to you, then invoice discounting could be the ideal solution for you.
Construction is a complex industry so we will introduce you to industry-specific specialists who will work with you to make getting construction finance as painless as possible. Factoring is a fantastic solution to helping you fulfil your contracts by having a secure credit facility available. Structured staged payments ensure you get the money you when you need it through the process of your project.
How can invoice finance benefit my construction business?
- Once your facility is agreed, cash tied up in unpaid billing is usually released within 24 hours so you can stay on top of your operating costs and the costs of buying raw materials for your projects. Construction finance enables you to access cash tied up in contractual debt, uncertified stage payments or applications for payment.
- Where previously arranged, the chasing of invoice payments due to you, can be outsourced to your factoring company allowing you to focus on your business. However, if you would like to maintain control of your ledger, then invoice discounting allows for this without affecting your chances of securing finance against your invoices.
- The facility grows with your business so there is no need to regularly renegotiate unlike with a bank overdraft.
- For greater peace of mind the majority of factoring companies offer optional bad debt protection by way of “non-recourse factoring” – a form of credit insurance. You can add this on to your funding facility providing you with peace of mind.
- Regardless of the amount of contracts you have or how big your project is, there will be a factoring company out there willing to provide you with the credit you require.
Why choose us?
Our years of experience have taught us that not all businesses are straightforward and creating a good construction finance package can be difficult. However, regardless we understand that a stable credit facility and cash when you need it is important to all businesses.
We will work with you to understand your business and its needs to put you in contact with a factoring company that will not only be the right fit for you but can offer you the best deal on the market.
To discuss your credit needs confidentially, contact us now to chat to one of our experienced and knowledgeable advisers.
Some of the partners we work with...
From a funders perspective, I find that the team at WF Financial Solutions, really take the time to understand the customers’ needs and wants and with their vast experience are able to match them with the correct funders. This really helps the funders to build a fast and trustworthy relationship to ensure any facilities are provided in a timely manner.
- Wayne Spratt, Business Development Manager, Bibby Factors Yorkshire
Why choose us?
WF Financial Solutions is an independent broker of invoice, asset and trade financing solutions with links to lenders of all sizes and specialties. WF Financial Solutions has helped many clients through a range of lenders and their varying services and we are proud to offer advisory and introductory services to finance providers that suit your needs.
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We specialise in sourcing the best factoring facilities for start-up’s, SME’s and big businesses.
One man band to large corporation, we work hard to ensure you get the deal that works for you.
Trading internationally, buying an asset or looking to refinance, we’ll help you get the best deal.
Sector Specific Funding
Different sectors have different needs and we pride ourselves on working hard to understand your situation.
We work closely with banks to secure the right banking facility or commercial mortgage for your business.