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Construction

The construction industry faces a unique set of challenges: from rises in fuel costs and wages, to new legislation and market pressures to raise productivity and lower costs. Cash flow issues can also arise due to the cost of materials and extended and unpredictable payment cycles. The ability to manage these challenges requires effective multitasking and orderly finances.

Finance that supports your growth ambitions – apply online for our Invoice Finance Apply Now >

At Aldermore we're committed to championing British construction businesses. Allow us to take the pressure off. We'll work with you to identify the products that best support your needs and help you navigate this complex environment.

Read on to discover our range of financial products to suit the needs of your construction business.

Release tied up cash

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 the payment from your customer before you can make staff and supplier payments, or take on new projects.

Once your facility has been approved, accessing your money is straightforward. First 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.

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Finance essential equipment

Machinery and equipment in this sector can be expensive. Asset Finance can help you purchase new assets - whether you want to lease or ultimately own the goods, spreading the costs over a set period of time.

Whether you are a plant hire business, demolition or earthworks and ground clearance specialist, our construction equipment specialists can assist you and your business.

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Switch to better business savings

We believe saving should be simple and rewarding. Set up an account online in just 15 minutes* and grow your business savings with great interest rates - and help us give UK businesses and homeowners a boost while you do it. We've a choice of savings accounts giving you the financial flexibility your business needs. You don't even need to switch your main business bank account to us to benefit.

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Fees apply for all our services, and we will confirm any costs with you up front.

 

*We will let you know online how to fund your account.  The majority of new customers are able to fund and use their account straightaway.  If this is not the case, we will ask you for further information before you can activate and use your account.

Featured finance products for the construction industry

Invoice Finance

Construction Finance

Construction Finance releases funding when you need it by advancing cash against your uncertified applications for payment or staged invoices.

Asset Finance

Hire Purchase

Fix the cost of acquiring an asset but spread the cost over time - offering a cost effective alternative to purchasing outright.

Business Savings

Fixed Rate Business Savings Accounts

  • 4.7/5 (477 reviews)

You know how your business is moving along day by day so why not do the same with your surplus cash?  With our Fixed Rate Accounts, you’ll know exactly how much interest you’ll be earning day in, day out.  And with a choice of fixed terms and an option that allows access to your money, we’ve got a savings account to suit your business’s needs. It’s just another way we help to get your earnings earning.

Up to 1.30% AER*