4th April 2016
Construction finance caters solely for businesses in the construction sector and aims to support contractors and sub-contractors by offering a project finance facility that funds individual debtors, allowing business owners to grow their business by taking on work they normally would not be able to fund. Leonard Curtis Lifecycle work’s closely with partners, Reach Commercial Finance, to assist and advise our clients to help theirs.
Why is it important to your client?
The product itself is very simple and provides a solution for clients with an order book (or the chance of additional work) that puts existing financial arrangements under pressure. The additional source of funds work comfortably alongside existing facilities, with the added benefit of lender expertise in the construction industry.
How does it work?
- Finance available for individual contracts and debtors, as well as small ledgers
- Deal sizes usually between £25,000 – £250,000 exposure
- All applications and lending facilities reviewed and monitored by an experienced QS team
- No tie in period or upfront arrangement fees
To find out more about the debt finance support we offer our Lifecycle members, click here.
To take advantage of the many Leonard Curtis Lifecycle benefits and to be updated on any key industry insights, become a member of our network here.