Helping to build upon your success 

Companies and sole traders operating in the construction sector can use Lloyds TSB Commercial Finance’s invoice finance facilities, which include factoring and invoice discounting, to bridge the gap between work completed and the receipt of payments, without the need to take out a business loan or extend overdrafts.
When starting a new project, the initial outlay of the materials, equipment and labour needed to complete a job can put significant pressure on cash flow.

It is therefore vital that construction companies and sole traders can access the working capital needed to bridge the gap between work completed and the receipt of payments.

Strong working capital is also essential if a business or tradesman is to tender for larger contracts or gain a competitive advantage by investing in diversifying skills or targeting niche areas of work.

Using invoice finance packages such as factoring and invoice discounting, businesses can leverage the value of their invoices, machinery or stock to boost cash flow and support growth.

This allows firms in the sector to:

• Manage seasonal fluctuations in demand and capitalise on new opportunities without extending their overdraft or taking out a new business loan
• Release the working capital needed to service sizeable new contracts without placing pressure on cash flow
• Recruit employees with specialist skills or purchase new equipment to improve efficiency and diversify your range of services
• Many invoice finance providers can be reluctant to fund firms and tradesman in the construction industry, as valuing contractual agreements is a complex process.

However at Lloyds TSB Commercial Finance, we have an excellent understanding of the sector and, as one of the largest asset based lending providers in the country, we have both the desire and experience to provide tailored funding solutions to businesses in the sector.

Our specialist team has the ability to identify potential areas of risk and devise finance packages that closely match the strategic objectives and ongoing expansion of companies and sole traders.

Contact us to find out more about how Lloyds TSB Commercial Finance’s funding solutions could assist your construction business.

(Alternatively to find out how much you can raise by using our factoring and invoice discounting services, use our quote engine.)

The provision of credit or leasing services by us is subject to your meeting our Credit approval.  Please ensure that you only apply for credit or leasing services that you can comfortably afford.