Materials, labour and machine time go out for weeks before you can raise an invoice, then customers pay 45 to 90 days later. A full order book can still leave you short of cash. Invoice finance releases the money as soon as each job is invoiced.
The specifics that make or break a facility in this sector.
A half-finished job, however much steel and labour is in it, cannot be advanced against until it is invoiced. Stage or interim invoicing on longer builds lets you draw cash as the work completes rather than only at the end.
Lenders advance against invoices they can prove are due, so delivery notes, acceptance certificates and customer sign-off matter. Clean paperwork on completion means faster funding and fewer queries.
Main contractors often hold back 3% to 5% retention until final acceptance. Most facilities fund the main invoice but treat retention separately, so factor it into your cash planning rather than expecting an advance against it.
Depending on a handful of OEMs or main contractors can trip a concentration limit where one debtor is too large a share of the ledger. Specialist engineering lenders can stretch the limit with the right contract and payment history.
Move the slider to your typical invoice value to see what would hit your account and what it would cost.
We benchmark your facility across a panel of specialist invoice finance and revolving credit lenders, and match you with the ones whose appetite fits engineering & fabrication. You get whole-of-market access from one conversation, at no cost to you.
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Not the work in progress itself, but stage or interim invoicing lets you bill agreed milestones as you reach them and draw against each invoice. That releases cash through a long build rather than only when the whole job ships.
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