Lendus.

Construction Business Loans

Secure funding for construction projects, equipment purchases, and working capital. Lendus compares 200+ lenders to find the best construction finance deals in the UK.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Range

£10k – £5m

Average Loan

£250k

for construction

Decision Speed

24–48 hrs

for unsecured loans

Eligibility requirements

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Loan types available

Unsecured Business Loan

Rate
6.9% – 24.9% APR
Term
1 – 5 years
Security
No security required
Best for
Working capital, hiring subcontractors, bridging payment gaps between project milestones

Secured Business Loan

Rate
4.5% – 14.9% APR
Term
1 – 25 years
Security
Property, plant, or heavy equipment
Best for
Large project finance, yard or depot purchases, major equipment acquisitions

Asset Finance

Rate
5.2% – 12.5% APR
Term
1 – 7 years
Security
The asset being financed
Best for
Excavators, cranes, vehicles, scaffolding, and other construction plant and machinery

Representative example

Borrow £250,000 over 36 months at 9.9% APR (fixed). Monthly repayment: ~£8,055. Rates depend on your circumstances and the type of loan.

Market context

The UK construction industry contributes over £170 billion annually to the economy, employing around 2.4 million people. Over 99% of construction firms are SMEs with fewer than 50 employees.

Common challenges

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Bad credit?

Several of our 200+ lenders work with construction businesses that have imperfect credit. You may need a personal guarantee or higher rate, but options exist. Our eligibility check uses a soft search — no impact on your credit score.

Frequently asked questions

Can I get a construction business loan with late payments on my credit file?
Yes. Many specialist construction lenders understand that late payments are common in the sector due to contractor payment cycles. Lendus works with lenders who consider your overall business performance rather than just credit scores. You may pay a slightly higher rate, but funding is often still available.
How quickly can I receive funds for a construction loan?
Unsecured loans can be funded within 24-48 hours of approval. Secured loans and asset finance typically take 5-14 working days depending on the valuation and due diligence required. If you need urgent working capital, an unsecured loan or merchant cash advance may be the fastest option.
Can I use a business loan to buy construction equipment?
Absolutely. Asset finance is one of the most popular options for purchasing or leasing construction equipment such as excavators, dumpers, cranes, and vehicles. The equipment itself acts as security, which often means better rates and no need for additional collateral. You can also use a general business loan if you prefer outright ownership from day one.
What is the best way to manage cash flow gaps between project payments?
Many construction businesses use invoice finance or a revolving credit facility to bridge the gap between completing work and receiving payment. These products let you release up to 90% of the value of unpaid invoices within 24 hours. Lendus can compare invoice finance options alongside traditional loans to find the best fit for your situation.

Related industry loans

Property Development Manufacturing Haulage & Logistics Garage & Motor Trade Farming & Agriculture

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