Construction & contractors
Quick answer
Contractors pay for materials and labour long before progress claims are paid, so financing tied to contracts and invoices is usually the closest fit.
Best-fit financing, in order
- 1
Invoice financing & factoring
Why: Advance cash against certified progress claims and invoices to cover payroll and suppliers.
- 2
Government-backed loans & guarantees
Why: Guarantee schemes can help you qualify for bank guarantees and working-capital lines.
- 3
Leasing & asset financing
Why: Excavators, trucks and site equipment can be financed against the asset.
- 4
Bank term loans & credit lines
Why: Banks offer performance guarantees and working-capital facilities for contractors with a track record.
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