Construction Finance

Construction finance from Aldermore offers fast access to working capital. This is 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 payment from your customer before you can make staff and supplier payments, or take on new projects.

At a glance

Timely access to your cash - with funding advanced usually within 24 hours
An expert team behind you - applying our long-established track record with contractors to help your business
Peace of mind - our understanding of your contracts could help identify any potential issues before they happen
Personal approach – we’ll make sure you know all your day-to-day contacts at Aldermore personally
Flexibility - with access to on-site quantity surveyors, dispute resolution and other industry specific experts, should you need them
Transparent - we’ll keep you informed every step of the way, clearly explaining how the facility will work and what it will cost

Bad Debt Protection

At Aldermore we understand that it’s sometimes difficult to assess the risk of customers not being able to pay. The decision you make could lead you to turn away sales or even end up with a bad debt. Our Bad Debt Protection (BDP) service gives you the confidence of knowing you will receive payment for all your hard earned sales.

How does it work?
Who can we help?
Is it for me?
How much will it cost?

Once your facility has been approved, accessing your money is straightforward:

Submit your billing to us - this can be staged invoices or applications for payment - even before they are certified by your customers
We release an agreed percentage of the value to you (minus our fee), usually within 24 hours
Once your customer makes a payment to us, we release the remainder to you

Construction Finance can help a wide range of businesses in the construction sector who have a need for working capital and are typically operating under stage payment contracts. At Aldermore, we work with businesses to find funding solutions that meet their individual requirements.

Construction finance could help your business if:

You are a contractor in the construction sector
You have a need for working capital
You have an annual sales turnover of above £250,000

With our expert contractor team behind you we can give you an invaluable safety net for any unexpected late payments or project delays. We can release the extra cash when you need it most from your applications for payment or staged invoices.

We will work with you to design a funding package that’s designed around your business, with competitive and transparent charges agreed with you up front. All costs will be outlined in your facility offer letter, together with a Client Guide that will detail any additional fees that would apply for services you may need or use. An arrangement fee will also normally apply.

Download our guide to making your contracts more profitable

There’s no need to tie yourself in knots over the intricacies of your contracts. Our guide explains everything from understanding your contractual and financial obligations to managing your finances effectively, to help you make your projects as profitable as possible.

Find out more

Invoice Finance

At Aldermore, we provide practical, flexible finance solutions designed to meet...

Invoice Finance - FAQs

Customer Stories

Helping businesses like yours.

Subject to status. Security may be required. Any property or asset used as security may be at risk if you do not repay any debt secured on it.