Construction Finance

Designed for the Construction sector to ease cash flow by raising working capital against outstanding invoices and applications

Construction Finance is a specialist product for businesses involved in the Construction Sector, but really should be called contracting finance.  The product allows businesses to raise working capital against their outstanding invoices and applications for payment on on-going contracts on a confidential basis.

What is Construction Finance used for?

It’s used to enable businesses to raise working capital to fund an on-going contract to allow them to buy supplies, pay staff and take away the stresses of day-to-day cashflow.

Why use Construction Finance?

The product helps a business access working capital, but it also allows a business to grow by taking on larger projects knowing that they can fund both staff and supply purchases.

How does Construction Finance work?

A percentage is agreed between the lender and you against your applications or invoices based on the average contract values you work.  You obtain the funding on uncertified applications allowing your business access to cash as soon as you submit the application or invoice to your debtor.  All this process is done on a confidential basis, so your debtor is not aware of an involvement from the lender.

Benefits of Construction Finance

The confidential nature of the product is a definite plus in a sector that doesn’t like working capital funding.  It allows a business to fund itself properly without anyone been aware of the funding been in place.

A Drylining business based in South Yorkshire, was working on several contracts all more than £100k each.  On each site the business had to provide materials and men, working for 30 days, and then raising an application for payment which they had work another 30 days to be paid for. In effect carrying the debt for 60 days.  Each Friday they would struggle to make sure that they had enough funds to pay wages and purchase materials for the following week.  The business was also falling behind with HMRC payments.

Introduction to a Construction Finance provider who visited the business and was able to offer them 70% on each of the applications raised without them having to be certified.  The lender not only put the facility in place for on-going applications or invoices but was to take on the current applications that the business was waiting to be paid for allowing the business to have access to a cash injection of circa £50k to bring HMRC up to date and settle suppliers.  Moving forward each time the business raised an application it was able to have access to 70% of the value to use to fund wages and suppliers making Fridays a much more enjoyable day for the business.

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One thing is for sure is that during bad times it’s the people who step in to the room to offer solutions not the ones who step outside that you want long term relationships with. Many jobs in a number of businesses have been preserved due to the unseen efforts of Metis Funding.

Durham Retail Displays Ltd

Metis is a very well run organisation who I would highly recommend. Their communication is first class and they always make time for their clients. Paula is very prompt in correspondence and is always very helpful.

G United LTD

Before our business started working with Metis Funding Solutions (MFS), we were struggling with cash flow caused by clients not paying on time, David and Paula quickly sourced a competitive invoice finance facility in a sector where others had failed before.
David has assisted me in moving forward in the correct direction with my businesses. I would not hesitate to recommend working with MFS, who listen to your business requirements and support you through your chosen route for your business

Willowdale Ltd

Before our business started working with Metis Funding Solutions (MFS), - we were struggling with finding lenders due to our lack of trading history and financial accounts.
Since working with MFS, they have helped me to obtain funding for my properties in a very prompt timeframe..
I highly recommend MFS if you’re wanting to sit down with genuine people who take on board your personal circumstances. Ultimately, I will be using Dave & Paula for all my financing requirements for the foreseeable future and can't speak highly enough of what they have done for me.

Yorkshire Rendering Company

I approached Metis for business advice a month ago.
I explained my business requirements in brief. A face to face meeting was arranged at a time to suit, so that my requirements could be discussed in more detail.
I was met with professionalism, courtesy & a very friendly approach. If you require a solution to your business needs, I would highly recommend speaking to Metis.

Starboard Personnel

We started working with Metis Funding Solutions, who were able to suggest options to us that would help us financially. We were able to obtain a working capital facility for our business at an excellent rate.
I would highly recommend Metis Funding Solutions, if you need help sourcing the best funding solution for your businesses with honest and helpful advice. Both Paula and David who we dealt with are very professional and very knowledgeable.

DJT Services