Capitalising on their working relationship with commercial and personal lenders, CRS Contract Finance is now ready to arrange finance facilities to assist constructors and contractors tackle contracts and projects that they can otherwise ought to shy away simply by a scarcity of funding.

Facilities come in on a selective basis for contracts of not more that 6 months duration where the corporate can show that it truly is financially stable with an excellent credit history.  Applications should be made by limited companies and applicants ought to be in a position to offer personal guarantees.

Contracts in order to be eligible for funding are expected to be simple, short term and profitable and entered into with a prime contractor that still has a terrific credit history. 

Launching the funding, CRS Director, Wayne Shore, said “We were aware for quite a while that short term contracts are usually turned away by sub-contractors because standard bank funding will not be generally available.  We’ve worked hard to secure funds to enable us to assist fill this gap within the construction and contracting sectors.”

Wayne added “We hope that during a small way we can help to grease the wheels of the economy during this sector at a time when construction is struggling particularly with smaller SME companies.”