Release extra cash when you need it.
At Global Asset Finance, we understand that as a contractor in the construction industry there is no typical customer contract. Each and every job brings up its own unique challenges – and it?s no different when it comes to financing. Every so often you find that a late payment or a longer delivery time on a project creates an unwanted cash flow headache.
Construction Finance is a dedicated Cashflow-funding product designed specifically for those businesses working in the cash-strapped construction sector.
Working directly in partnership with a team of experienced Quantity Surveyors who understand the intricacies of construction contracts, and using a fixed rather than variable fee model, Global Asset Finance and its partners have removed the uncertainty for construction businesses associated with the costs of ?traditional? lending products that is their principal downfall.
With Construction Finance we have created an innovative funding solution that is both practical and sustainable. It provides pre-payments against applications, stage payments and milestones for sub-contractors in construction or other industries where contracts with their customers have been a barrier to finance from traditional lenders.
The new product is based on a traditional factoring approach. Fixed Fee model to ensure transparency on costs. Cash is advanced at an agreed percentage of the outstanding invoice / application value, taking into account the longer contract terms typical within the construction sector. It is typically targeted at businesses requiring funding.
Release funds from applications for payment or stage invoices
Construction Finance with Global Asset Finance and its partner?s offers fast access to working capital advanced against your uncertified applications for payment or staged invoices. This gives you a safety net for your finances, so you don?t have to rely on the payment from your customer before you can meet staff and supplier payments, or take on new projects.
An expert team behind your business
Our Construction Finance, Cashflow funding product is unique in the marketplace. We combine our funding expertise with the knowledge of a team of highly experienced Quantity Surveyors who understand the intricacies of construction contracts and the challenges that contractors and sub-contractors face. It is this experience, and
You can be assured that our Construction Finance team. Applying knowledge of contractors, we will invest time getting to know your business. And, because we understand how the industry works, we can identify contract issues and help you address them.
A personal approach
We want to be seen as an extension to your team, so we make sure you know all you?re day-to-day at Global Asset Finance and our partners personally. We believe it?s this personal and open approach that builds successful long-term relationships.
Flexibility with extra support when you need it
Not only can we release invaluable working capital for your business, we can also give you access to our partners, who offer a wide range of competitively priced financial services, available on a project by project basis. Services include on-site quantity surveyors, dispute resolution and a variety of specific industry experts.
We help get cash flowing with confidence
Construction Finance is just part of the family of financial services that has helped support businesses grow.
Timely Access to your cash
We can provide you with funding within 48 hours against your customer billing or collections through a finance facility that will grow with your sales.
Peace of mind
Our understanding of your contracts could help identify and potential issues before they happen.
Business on your terms
AS well as providing an invaluable source of working capital, we can provide access to our partners who can support your business with additional financial services, as and when required.
We will keep you informed every step of the way, clearly explaining how the facility will work and what it costs.
Get in touch with ourselves today to discuss your Construction Finance requirements
Click HERE to submit your details via our contact form and put the benefits of asset finance to work in your business.
Click HERE to complete an online application form. It's quick and easy to do!