Skip to content

Invoice finance for construction & trades

Invoice finance releases most of the value of your unpaid invoices within days of raising them. Contractors use Rook Bristol invoice finance to buy or lease plant, vans and tools or fund materials for a new contract, with rolling facility and advances typically within 24 hours of submitting an invoice, once live.

Apply nowAbout invoice finance
Check your eligibilityStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your finance manager.

£10K£1M
How long have you been trading?
What's your average monthly turnover?

Total money coming into your business account in a typical month.

What type of business is it?
Where should we reach you?

We'll use this only for your application.

Invoice finance for contractors
AmountFacility linked to your sales ledger
TermRolling facility
SpeedAdvances typically within 24 hours of submitting an invoice, once live
PaymentsSettled when your customer pays, less an agreed fee
Best forB2B firms on 30 to 90 day payment terms

Common uses in construction & trades

  • Buy or lease plant, vans and tools
  • Fund materials for a new contract
  • Bridge staged valuations and retentions
  • Cover CIS deductions until they're reclaimed
  • Take on a larger project

Why contractors choose invoice finance

You're paid in stages

Applications for payment and monthly valuations mean labour and materials are paid out well before money comes in.

Retentions tie up margin

Typically 3% to 5% of each valuation is held back until practical completion or beyond. Working capital covers what retentions lock away.

CIS deductions squeeze cash

Subcontractors see deductions taken at source under the Construction Industry Scheme, reclaimed only later. Revolving credit bridges the gap.

Plant and vans earn their keep

Excavators, telehandlers and vans can be spread over their working life with hire purchase or leasing.

How does invoice finance work?

  1. 1

    Apply and share your aged debtors report. We assess the quality of your customers as much as your own business.

  2. 2

    Choose factoring, where we manage collections for you, or invoice discounting, where you keep control and customers need not know.

  3. 3

    Raise an invoice as normal and upload it. We advance an agreed percentage of its value, usually within 24 hours.

  4. 4

    When your customer pays, you receive the balance, minus a fee agreed at the outset.

What do I need to qualify?

  • 6 months trading
  • £10K+ in monthly turnover
  • A UK-registered business
Check my options

Other funding for contractors

Questions, answered

Something else on your mind? Ask the team.

Can contractors qualify for invoice finance?
Many can. We typically look for a UK-registered business, 6 months trading and £10K+ in monthly turnover. We review construction & trades businesses with the sector's cash-flow patterns in mind. All finance is subject to status.
What is invoice finance?
Invoice finance lets you borrow against money your customers owe you. You receive an advance on unpaid invoices, then the balance, less fees, once the customer pays.
What's the difference between factoring and invoice discounting?
With factoring, the finance provider manages your sales ledger and collects payment from your customers. With invoice discounting, you keep running credit control and collections yourself, and the arrangement can be confidential.
Can subcontractors get funding?
Yes. We fund subcontractors and specialist trades as well as main contractors, subject to our trading and turnover criteria.

Want to partner with us?

Businesses, brokers and introducers: check eligibility in about three minutes, or talk to our team about working together.

Apply nowContact our team