A Construction Business in Cardiff Benefited From A Business Loan To Support Cash Flow.

Construction businesses in Cardiff and across the UK face unique challenges. This predominantly is high labour costs, complex project schedules and delayed payments. The following case study outlines how Best Business Loans helped a construction company operating across London and Cardiff. We secured the business finance required to complete multiple projects successfully after they won a new contract.  

Background of the Business Who Secured a Business Loan 

The client was a medium sized construction firm, with offices in London and Cardiff. The built residential and commercial developments across both regions. The business had a strong pipeline of projects. This included refurbishments, new builds and commercial fit outs. 

While demand was strong the company struggled with cash flow gaps caused by staged payments and rising material costs. The directors required a construction business loan to fund, labour, materials and subcontractors. They were continually waiting on payments from clients and developers. 

The Challenge 

Construction finance is often viewed as higher risk by lenders. Particularly in fast moving markets like London. The business had approached several banks in both London and Cardiff but was declined. We see this a lot as Best Business Loans and it’s mainly due to sector risk and the need for rapid access to funds. 

The directors searched for a business loan broker in the UK who had the experience in construction finance and regional funding solutions. Best Business Loans was approached due to its reputation for sourcing fast business loans for construction companies. We were honoured to support them with them!  

The Funding Solution 

Best Business Loans carried out a full review of project schedules, contracts and cash flow forecasts. By understanding the timing of payments and projects we were able able to structure funding that aligned with project milestones. 

A tailored business loan package was secured combining short-term working capital finance, with a flexible credit facility. This ensured the construction firm could access funds quickly when required without excessive borrowing costs. Essentially paying for what they required, for the time they required it. Keeping it as cost effective as possible.  

The funding was approved and released in under 1 week. Allowing projects to continue without disruption. 

The Outcome 

With improved access to business funding the construction company completed projects on time across London and Cardiff. Cash flow stability allowed the business to take on larger contracts and negotiate better terms with suppliers. 

The company increased turnover and strengthened its reputation with developers and clients. The directors highlighted Best Business Loans as a trusted partner for construction business loans in London and Cardiff. 

Industry Insight 

Construction companies searching for business loans in London and Cardiff need lenders who understand the industry and regional challenges. Best Business Loans continues to support construction firms with tailored business finance solutions that enable sustainable growth. 

Hopefully you have found this a useful read and feel free to reach out to us here at Best Business Loans. We can source cash flow funding for all industries across the UK.