Contract Finance
Contract finance is aimed specifically at businesses undertaking contractual or construction work where payments are often slow and cashflow tight. Finance is available for individual contracts or several contracts providing advance payments against invoices. You decide which contracts you want to finance and when and the funder provides the cash!
why use contract finance?
- It’s an additional source of finance smoothing your cash flow.
- Contract finance allows you to take on additional work when your existing facilities are being utilised
- It can often be used alongside your existing bank facility
how does contract finance work?
- Tell the finance company about the contract you wish to fund
- Tell the finance company about your business
- Complete an application form
- The application and contract are assessed
- Your facility is approved
- Advances are made to you against work you have done
- The customer pays and you get the balance due
what does it cost?
Cost varies depending on the nature of the contract and how long the monies are advanced
Typically 2-3% of contract value based on current market rates. In addition there are likely to be any ongoing costs of a QS verifying work done on a monthly basis.
Cashflow Restructuring has access to contract finance specialists who will advance with no set up fee and no minimum period, although not all finance companies are the same.
How Do I Find The Right Finance Company?
All finance companies are different. Cashflow Restructuring specialises in finding a funder that best suits your business. Why waste time trawling the internet in the hope of finding the right partner when Cashflow Restructuring, as independent brokers, have access to a whole market of finance companies which we can compare to ensure that you find the best for you.
What Our Clients Say
Please find below some of our most recent client testimonials...
Emily Revill, Calverton Finance
The team at Cash flow restructuring are trusted advisors, matching the most appropriate funding facility to each client they deal with. They are what I call the three P’s; professional, proactive and performs for their clients.
Annabel Todd, Aldermore
Ashley is a great person to work with, he knows the sector and the products inside out and always thinks ahead in terms of the required information I (as a funder) will require and without a doubt goes the extra mile in terms of ensuring what he does is right for his clients.
Paul Barker, 4Syte Funding Limited
Ashley and the Team offer a full service brokerage at Cashflow Restructuring, ensuring that key information is supplied to the lender from the outset. This not only sets them apart from many of their competitors, but allows for a quicker credit decision which ultimately leads to a more desirable outcome for their Client.
Your Cashflow is our Passion
Join us today for a no cost, no obligation consultation. We are always happy to help.