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Construction invoice finance is a tailored funding solution that provides upfront access to the value of invoices raised within the construction industry, where long payment terms and staged contracts are common. It helps contractors, subcontractors, and suppliers maintain steady cash flow despite delayed payments.
This can include invoice factoring, invoice discounting, and selective invoice finance, often adapted for staged milestone payments, applications for payment, or certified invoices.
Provide goods or services to your customer and issue an invoice as usual.
Share the invoice details with your chosen invoice finance provider.
The provider will advance you a percentage of the invoice value, usually between 70% and 90%.
Your customer then pays the invoice either directly to the finance provider or to you, depending on the type of facility.
Once payment is received, the finance provider releases the remaining balance to you, minus their agreed fees or charges.
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It ensures contractors can pay wages, purchase materials, and cover operating costs without waiting months for project payments. It reduces reliance on overdrafts and helps smaller firms take on larger projects.
Commonly used by main contractors, subcontractors, builders, and trades involved in large projects with extended payment cycles. It is especially useful for firms in civil engineering, housing development, and commercial construction.
Eligibility may depend on whether invoices are certified by a project manager or architect. Payment disputes are more common in construction, so lenders may apply stricter conditions.
Usually not, lenders prefer certified invoices.
Yes, many lenders cater specifically to subcontractors.
Often within 48 hours of invoice approval.
Typically no, as retentions are withheld until project completion.
Yes, lenders can structure finance against milestone invoices.
