Andrew Darling discusses Construction Finance

At the UK’s leading independent invoice finance specialist, Bibby Financial Services, we’re constantly looking for ways to improve the way our funding works and what businesses and SMEs look for when it comes to finance.

Bibby Financial Services

Every company, business owner and SME is different.  And naturally, so are each of our services. Our range of products have evolved over the years to reflect the needs of our diverse client base and changing economy. And in 2015, we aim to help even more business owners to fulfil their potential through alternative forms of finance.

Construction Finance

One of our core products is Construction Finance, in which we offer specialist funding for construction businesses. Due to the unpredictable nature of the construction industry, and the problems facing smaller firms – such as payment issues, government red-tape, skills shortages and rising labour and material costs – cashflow and funding can often be effected.

What do we offer?

Providing cash advances against outstanding billing and uncertified applications, we allow businesses to access money earlier, rather than waiting for customer payment. We can fund applications before they are certified and provide full, confidential credit control and sales ledger management services enabling businesses to maintain customer relationships.

An expanding sector

It’s a form of funding which works well in the construction sector, where businesses often have to cope with extended payment terms and debt issues. And as many of the UK’s small construction businesses plan for growth in 2015, it might be time to consider the benefits of alternative forms of finance.

To read more about Construction Finance, head over to the Bibby Financial Services’ website.

You can also find out more about construction SMEs by reading Bibby Financial Services’ new report ‘Planning for Growth: Construction SMEs in the UK’.

About the Author

Having worked in financial services for over 36 years, Andrew Darling is a specialist in invoice discounting, factoring and trade finance solutions. He currently manages the development of business with higher turnover companies at Bibby Financial Services, specialising in corporate finance for businesses with turnover of £5 million or more.

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