0800 151 0980

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

The benefits of a Capify business loan

Everything a small business needs to know about raising finance and paying it back

Want to invest in your construction tools, materials or training for labourers? You’ll need some extra funding to make that happen.

Your knowledge, reputation, and productive team make your construction business what it is. It makes sense that you’d want to raise finance with a company that understands what you want and how short on time you are!

Capify keeps it simple. Your repayments will change depending on how much cash comes into your business, so you’ll know you can comfortably afford repayments. You can keep doing what you do best, knowing your debt is being paid off quickly.


Table of Contents

The latest contractor and construction industry stats


The construction industry keeps growing. These recent stats highlight how the industry is developing and changing year-on-year.

  • Construction contracts were worth £109,387 million in 2017.
  • The number of construction companies and contractors keeps rising – 2017 saw an increase of 6.2% compared to 2016.
  • Most construction jobs are in London, the South East, and the North West.
  • 60% of the industry includes new builds, while 40% includes refurbishment.

Who are contractor loans for? You!

Any contractor can do great things with a small business loan. Extra cash can help you source specialist materials, upgrade your vehicles and equipment, and keep clients and customers happy.

A business loan could pay for anything that helps you grow, whether it’s a quick purchase or long-term development.

Get more clients and happy referrals

Your customers trust you to provide quality and get the job done. If they have loads of good things to say, they’re likely to spread the word. That’s a good way to save on advertising costs!

Whatever you want to improve, a business loan for contractors can help make it happen, and give your customers all sorts to rave about.

Different types of contractor finance


Capify provides business loans and finance options to help construction business owners speed up their business and invest in growth.

Secured business loans

Secured against something valuable you own. It might be a vehicle, property, or equipment. If you can’t make repayments, this will cover the costs instead.

Unsecured business loans

The opposite of a secured loan. You don’t have to put anything down as security, just pass the eligibility check.

There are other options too. Some contractor businesses could apply for government grants, use an overdraft, pay on credit cards, or use asset finance. Remember – some business finance sources are more expensive than others, so always check the interest rates and payment terms before you get going.

How contractors can use their extra cash


What kind of growth do you want to see over the next couple of years? Maybe you want to start attracting bigger clients, finesse a new service, or just speed up all the day-to-day management stuff?

New equipment and materials

You’re only as good as your tools. Invest in the most efficient tools and materials, and you’ll see your maintenance costs go right down. Your customers will love the quality too!

Develop your office space

Want an HQ you can be proud of? Funding can help you set up a comfortable, energy-efficient base to take bookings, order stock, and more.

Staff training

Nurture your team and they’ll pay you back with quality work. Construction is a highly skilled trade – make sure you’re working with the best in the business.

Advertising & marketing

Get in front of more potential customers, show off what you can do, and keep revenue coming in. Capify can help you transform your marketing budget, so you can spend it where it counts.

Business finance can put essential cash into your business, helping you to impress your clients, and encourage them to spread the word.

Getting your business ready for funding


Before you apply for a business loan, there are a few important things to sort out.

Decide what you’re going to spend it on. Having a plan will help you borrow the right amount.

Check your credit rating. The better it is, the more likely you are to be approved. A lower credit score isn’t the end of the road though. Capify is a flexible lender – talk to us for more info.

Get your documents in order. Make sure you’ve got all the official paperwork.

Choose a lender you can rely on. Go with a company that has the right finance products for you.

Fixed and flexible payment options

Want to plan your repayments in advance? Or do you fancy more flexible payments?

Flexible repayments can be easier for business owners to manage because they go up or down as your business earns.

If some periods are slower than others, flexible finance will make sure you only repay as cash comes in to your business.

Loans for contractors with poor credit

Your credit score can affect how much cash you can raise, and how much you’ll pay back.

Even if you’ve missed a few payments in the past, Capify can usually help you access affordable business finance. Our small business loan works for construction businesses and contractors with all kinds of credit scores.

Get in touch to find out if you’re eligible, and see how much you could raise.

In a hurry? Get fast finance

Capify can usually get your cash in a few days, so you can start investing in what you need ASAP!

The process is easy and flexible for any kind of contractor or construction business owner. You’ll have a personal adviser who’ll take you through the whole process, from applying to getting your cash.

Short term and long term finance for contractors

Are you interested in a quick solution, or are you happy to take your time with the repayments?

Short term loans can be more manageable and flexible for a lot of business owners, particularly if they experience seasonal differences. With the Capify business loan, you’ll be able to take care of repayments while your construction business is busy.

You’ll be able to get the repayments out of the way during the busiest times of year, and keep slower periods debt-free!

Raise £3,500 to over £500,000 for your business

Find out how much cash your construction business can raise with Capify.

Table of Contents