Funding for Architect Practices
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The Problem
We understand that since the economic downturn many architect practices have found obtaining funding difficult. Many finance providers have become less inclined to lend to professionals so closely linked to the construction industry, due largely to the uncertainty of the property market. Bibby Financial Services has supported the construction industry through thick and thin for over a decade and we have now extended our Construction Finance offering to Architects.
The Solution
Architect Finance is a unique and confidential funding solution in the marketplace. Designed specifically with architect practices in mind, we can provide specialist finance facilities against incomplete work stages and/or project milestones under standard forms of contract.
We can help you to:
Improve your cash flow
This innovative and flexible finance solution provides the working capital you need to take on new appointments.
We can provide an immediate and on-going supply of working capital against incomplete work stages and project milestones under most standard forms of appointment, overcoming the industry challenge of waiting up to 60 days for certification and the potential of a further 30 days for payment.
Protect your practice
Specialist bad debt protection facilities can be provided so your practice does not run the risk of losing money caused by prolonged default of payment, a dispute or customer insolvency.
We also have access to a team of dedicated professionals including quantity surveyors who can provide support pre and post deal, and in the event of discounted disputes we can also provide access to specialist adjudicators to act on your behalf.
Save valuable management time
With our comprehensive sales ledger management service our highly skilled credit controllers, who are experts at managing contractual debt, will manage and collect outstanding billing on your behalf.
Rest assured that your on-going contracts and customer relationships won’t be affected as we operate this on a confidential basis.
To find out more, speak to the only invoice financier that has an industry specific funding package and genuine appetite to fund the sector. Call 0800 91 95 92
Testimonial
“Uncertainty in the property market has undoubtedly caused reluctance from the banks to fund construction professionals.
“The unique finance product from Bibby Financial Services is a potential lifeline for Architects and will help practices survive and flourish as the much talked about economic recovery gathers pace.”
Peter Vinden, Managing director of The Vinden Partnership