We offer finance for the construction industry to help support new equipment and projects
Finance for the construction industry is a type of business funding designed to support contractors, sub-contractors and those working in the construction industry. It can be used to fund new projects, pay suppliers speedily, purchase new construction equipment and machinery and boost working capital.
Rural Finance can support your construction company get access to finance.
Assets we have funded:
• Excavators / Dozers (of all sizes)
• Forklifts – all types
• Welfare Cabins
• Traffic lights
The advantages of finance for the construction industry
- Finance provides construction companies with access to the capital needed to finance projects. Construction projects often require large amounts of capital to purchase materials, equipment, and labor, and without finance, it may be challenging to secure the necessary funding.
- Financial Planning: Finance helps construction companies plan and budget for projects, ensuring that they have enough funds to complete the project on time and within budget. By creating financial projections and cash flow statements, companies can also identify potential financial risks and take measures to mitigate them.
- Investment Opportunities: Finance also allows construction companies to invest in new technology and equipment, which can help improve efficiency and productivity. For example, investing in new software or machinery can help reduce construction time, minimize errors, and increase profit margins.
- Improved Creditworthiness: By maintaining strong financial records and regularly accessing finance, construction companies can improve their creditworthiness. This can make it easier to secure loans and other forms of financing in the future, enabling them to take on larger and more complex projects.
- Risk Management: Finance can also help construction companies manage risks associated with projects. For example, companies can use insurance and surety bonds to protect themselves against unexpected events that could cause financial loss.
Rural Finance was formed in 2004 and today, we are one of the largest Agricultural & Commercial Finance Brokering Networks throughout England, Scotland, Wales and Northern Ireland. However, whilst we are known as Rural Finance we have grown as a network and now offer finance solutions to every industry with a range of brokers who specialise in commercial, retail, construction finance, real-estate & professional loans.