Finance For Roofing Businesses
Get Fast Finance For Your Roofing Business
Finance your roofing business in as little as 24 hours. We offer a range of products to suit your business needs.
Over 30,000 loan-seekers helped
FCA Authorised – Regulated Broker
Receive your funds in as little as 24 hours
Market-leading interest rates
Experienced Advisors
No Broker Fees
Author: Gary Hemming CeMAP CeFA CeRGI CSP
20+ years experience in commercial finance
What is finance for roofing businesses?
Roofing finance refers to the many flexible funding products in the commercial finance market that are designed for roofing companies in need of a cash injection.
Our finance options can suit almost any need including finance for working capital, equipment finance or even just simple business cash flow finance.
Get finance for your roofing business with ABC Finance
We’ve been helping business owners secure the finance they need since we were founded in the year 2000.
Here’s a bit about ABC Finance:
- Our connections with the leading lenders go back years.
- We leverage that to help you secure the best deals.
- Our ethos is all about making things quick and simple for our customers.
Choose your product or get advice from our roofing finance experts
If you’re looking for finance for your roofing business, there’s 2 options. Either read about the key products below, choose the one you feel best suits you and apply or talk to an expert.
Our team of experts are on hand to understand your finance needs, find the best deal and handle the whole process for you.
Whichever option you prefer, we’re here to help.
How to get finance for a roofing business
If you’re looking for a cash injection to take your roofing business to the next level, there are several options available.
Each product is designed to meet a specific need, such as improving cash flow, offering a one off cash injection or long term support for working capital.
The key products are:
Unsecured business loans
The most well-understood way to borrow money is a simple business loan. An unsecured business loan allows you to borrow anything from £10,000-£500,000 in as little as 24 hours. It’s a simple way to borrow money and allows you to repay the funds over anything from a few months to 5 years.
As no collateral is required, both your company and personal credit score are assessed during the application process.
Quick summary:
- Borrow ÂŁ10,000 to ÂŁ500,000
- Get funds in as little as 24 hours
- No collateral required
Secured business loans
Secured business loans allow you to borrow a larger amount, often at a lower monthly cost thanks to the longer loan terms available. They allow you to borrow money, securing it against either your personal or business property.
Secured business loan criteria are more relaxed than that of unsecured lending as the lender has security over your property.
It takes slightly longer to get secured finance, you can expect to receive funds 7-14 days, but it’s possible to borrow much more – up to £10,000,000.
Quick summary:
- Borrow ÂŁ6,000 to ÂŁ10,000,000
- Get funds in as little as 7-14 days
- Borrow up to 75% of your property value
Invoice finance
A great source of cash flow funding is invoice finance. It allows you to release funds from the B2B invoices that you’ve issued, but not yet received payment for.
If you do a lot of B2B business, for example working with developers on new builds and work on delayed payment terms, this could be a strong option to improve cash flow.
Invoice finance, which can be broken down further into invoice factoring and invoice discounting allows you to release up to 95% of the value of your unpaid invoices.
If your business is looking to speed up its cash flow cycle and trades business to business on 30 day terms or more, invoice finance can do exactly this. Some facilities, such as debt factoring, even offer credit control functions to free you up to focus on running your business.
Quick summary:
- Release up to 95% of the value of your unpaid B2B invoices
- An ongoing facility that can improve your cash flow
- Receive funds in as little as 3 days
Asset finance
Asset finance allows you to raise finance to purchase equipment or other assets for your business. It’s a form of equipment finance that allows you to finance new assets through various product types that work as loans or leasing arrangements – all sitting under the asset finance banner.
Asset finance can be arranged very quickly, in just as little as 24 hours, with the application process usually taking a few days.
Your maximum borrowing power depends on the value of the assets you’re offering as security. For large purchases, millions of pounds of finance can be arranged where needed.
If you’re looking to release funds from assets you already own, consider asset refinancing.
Quick summary:
- Finance to purchase or refinance equipment and assets
- Borrow almost any amount
- Funds can be released in 24 hours
Business revolving credit facilities
A business revolving credit facility allows you to flexibly drawdown and repay money as you need it. Think of it as a separate facility that’s on hand when you need it – like an overdraft that’s separate from your business bank account.
These facilities can be set up in just 24 hours, making them perfect for when you need money in a hurry. On top of that, they allow you to borrow anything from ÂŁ5,000 to ÂŁ500,000 without the need for collateral.
Quick summary:
- Borrow ÂŁ5,000 to ÂŁ500,000
- Funds in as little as 24 hours
- No collateral required
Van finance
If you’re looking for money to purchase a new vehicle, or even a fleet of vehicles for your roofing business, consider business truck finance or business van finance.
You can get finance for a new vehicle in a couple of days, often at much better rates than you’ll be offered on the forecourt.
Quick summary:
- Get funds in a couple of days
- Finance to buy or release funds from a vehicle
- Often better rates than a forecourt will offer
Commercial mortgages
Commercial mortgages allow you to borrow money against your business premises.
They can be used to purchase or refinance existing premises and allow you to borrow large amounts of money over up to 30 years, meaning you’ll benefit from low monthly repayments.
Whether you’re looking to purchase or refinance office space or room for storage, we can help.
Commercial mortgage rates are often lower than other types of business finance. This is offset by the fact that the application process can be very slow – it usually at least 2 months.
If you need property finance quicker, consider a bridging loan, or specifically a commercial bridging loan, which can complete in 5 days.
Quick summary:
- Has the benefit of low interest rates and monthly repayments
- Allows you to borrow large amounts
- The application process usually takes at least 2 months
Secure the finance you need with ABC Finance – get started now
Get in touch now and we’ll help you to secure the finance you need to take your roofing business to the next level.
We compare deals to get you the lowest repayments, best interest rates and make sure you get the cash injection you need.
Read more: Manufacturing Finance or Finance For Construction Businesses or Scaffolding Business Finance.
