2 min read
Why construction businesses need finance
Construction firms fund wages, plant and materials before a valuation is certified and paid, and retentions hold back part of the money for months. That stretches the working-capital cycle even on profitable jobs.
What tends to fit
A short working-capital facility or invoice finance against certified applications smooths the gap between spending and being paid, and is repaid as valuations settle.
What it means for you
See the sector view for construction. Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Why is construction cash flow so hard?
Because you pay for labour and materials up front, get paid in stages after certification, and have retentions held back. Even a profitable job can leave you short of cash mid-project.
What finance suits a construction firm?
Short-term working capital to bridge the gap to payment, or invoice finance against certified applications. Both are repaid as valuations are settled.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.