Construction Finance - Building Loans For UK Businesses Up To £500K - Fleximize

Construction Financing

Finance solutions for UK construction businesses

Construction is one of the UK’s most established industries, helping to form the backbone of our economy. In Great Britain in 2020, the total value of new work reached just under £100 billion – a fall of 16.3% compared to 2019, as the impact of the coronavirus pandemic took hold.

The UK construction sector has faced numerous challenges in recent years. High demand coupled with the exodus of EU workers has led to a shortage of labourers, with rising costs and a lack of available materials also causing significant delays.

Along with industry-specific issues, access to working capital remains a critical challenge. However, the unwavering demand for construction projects, particularly within the housing sector, means that acquiring funding is vital to winning new opportunities. Fleximize can offer flexible funding on terms that suit you, so read on to find out more about our construction finance, how it works and how to apply.

Construction business financing

When it comes to supporting exciting new projects, hiring more staff, or purchasing new equipment, companies wanting to secure construction finance will often need to do so quickly in order to stay one step ahead of their competition.

While high-street banks can provide funding facilities, it may take weeks to secure a meeting, only to have your application for a business loan turned down.

Thankfully, a new wave of alternative lenders has entered the market in recent years, with many able to finance SMEs in as little as 24 hours. Better still, you don’t necessarily need a perfect credit history to be considered for funding. This makes digital business lenders like Fleximize an attractive option for businesses seeking a construction loan.

Construction finance from Fleximize

We can provide secured and unsecured construction company loans, designed to suit your needs. Head to our business loans page for further details on the Flexiloan and Flexiloan Lite. In the meantime, here are some of the key features:

We assess every business individually and we always look for a way to say “yes” to applicants. Rest assured that even if your credit score could be improved, it’s not the only thing we look at when you apply for a loan. And, if you're approved, you could receive your funds the same day.

Apply for a Construction Loan

What can a construction loan be used for?

You might need construction finance for any number of reasons, including:

  • Recruitment
  • Website development
  • Staff training
  • Cash flow
  • Purchasing materials
  • Management buyout
  • Equipment upgrades
  • Investing in software
  • VAT payments
  • Paying unexpected bills
  • Check your eligibility for a construction loan

    We offer construction loans in the UK to businesses registered with Companies House. In addition, we do have some basic eligibility criteria:

    How much does construction finance cost?

    The interest rates on our construction and development loans start from 0.9% per month. Our Penalty-Free Promise means you can repay early and save on the amount of interest you owe. There are also no hidden fees for you to worry about.

    Each finance package is unique in its details, so we recommend using our business loan calculator to work out how much yours might cost. If you prefer, you can call us on 020 7100 0110 for a tailored quote.

    Why choose Fleximize for construction development financing?

    We’ve helped thousands of businesses access the funding they need. Here’s what you can expect from us:

    How our construction finance has helped others

    Finding funding during the early stage of your business can be a challenge. Having spent six months chasing banks, Saj Rahman, founder and CEO of Maple People, explains how he came across Fleximize and why our solution proved to be better for his construction business.

     
    Fleximize Construction Finance:

    Saj Rahman of Maple People, an eco-construction consultancy, used a Fleximize business loan to launch his first innovation.

    Apply for a construction loan today

    When taking out a business loan, it's important to find a lender that you can trust, and who will provide all the support you need to make an informed decision. At Fleximize, we pride ourselves on our transparency and excellent customer service.

    If you have any questions about your application, our team will happily talk you through the ins and outs of our business loans. Feel free to call us on 020 7100 0110, and we can guide you through the process.

    Alternatively, if you're ready to apply for construction finance with Fleximize, fill in our simple online form with a few basic details. If you pass our initial checks, we’ll be in touch with the next steps. Once we have everything we need, you could receive your funds the same day.