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FOR TRADES AND SUBCONTRACTORS
Claim certified. Still not paid.
Materials, crew and gear are paid for. The claim is approved, but the money is still weeks away and the next job is starting. We look at your claims, your builders and your cash flow, then find funding that fits the gap.
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Funding against certified claims and invoices
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Cover materials and wages between claims
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Major, non-major and private lenders
Make an enquiry
A broker will call you to discuss your options. No obligation.
SOUND FAMILIAR?
The work is done. The money isn’t here.
Materials are paid up front. Suppliers want paying before the builder pays you.
Certified does not mean paid. An approved claim can still be weeks from your account.
Retentions sit with the builder. Money you have earned can be held until well after practical completion.
The next job won’t wait. You need crew and stock for the next site while the last one is still unpaid.
Plenty of lenders won’t touch progress claims. Many invoice lenders exclude construction claims. The ones that fund them each have their own rules.
Even big builders can take six weeks or more. A large head contractor doesn’t always mean a quick payment. Your wages and suppliers still run weekly.
The next job’s deposit is tied up in this one. The money for the next job’s materials is sitting in a claim you have already finished.
HOW WE HELP
Funding that fits the way trades get paid.
Structure
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Funding against certified claims
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A facility you draw when claims are slow
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Equipment and vehicle finance kept separate
Lender fit
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Lenders who understand builders’ payment terms
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Options if you have an ATO debt or a past default
Timing
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Set up before the next job starts
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Mapped to your claim cycle
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Planned around the Christmas cut-off
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Clear on fees before you sign
Tomorrow
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A facility that can grow as you take on bigger jobs
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Kept separate from vehicle and tool finance
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Set up so you can quote the next job with confidence
WHAT IT CAN LOOK LIKE
Three sites and one slow builder
Illustrative scenario
An electrical subcontractor has certified claims on three sites, and one builder is running about 40 days behind. Materials for a new job are due this week. The owner talks through a facility drawn against certified claims, so the new job can start without dipping into personal savings. Retentions are not counted on, because they are not paid until later. Illustrative example only, not a real client. Every business is assessed on its own circumstances and lender criteria.
QUESTIONS
Common questions
Can you fund against a certified progress claim?
Some lenders can, depending on the contract, the builder and your history. Your broker explains whether your claims are likely to be accepted and what it may cost.
Can retentions be funded?
Retentions are usually treated differently, because they are not paid until later and may be disputed. We will not count on them. Your broker can explain what lenders may consider.
What do I need to have ready?
Usually your ABN, recent certified claims or invoices, your contracts, recent business account statements and ID for the directors. Your broker confirms the list.
Does it matter if the work is residential or commercial?
It can. Some lenders only fund claims on commercial jobs, and residential work can narrow the options. Tell us who you mainly work for.
What if the builder is slow to certify?
Funding usually follows certified or approved claims, so slow certification slows funding too. We’ll talk through options that don’t rely on a single claim.
What does it cost and how do you get paid?
Costs depend on the lender, the product and your business. Your broker explains every fee and cost before you decide. We may be paid a commission by the lender or charge a fee, and we tell you before you apply. Subject to lender approval; fees and terms apply.
Tell us what’s going on.
A short call is usually enough to see whether funding could help now, and how it could be set up for what comes next. No obligation. Business purposes only. Subject to lender approval; fees and terms apply.