South Africa’s construction industry is poised for sustained recovery and growth.
However, for many industry players, sourcing construction finance to cover the costs of new infrastructure builds is a challenge.
At Business Loans, we specialise in finding the best funding solutions for construction companies in South Africa.
Our strategic relationship with a broad network of reputable lenders allows us to facilitate loans of up to R6 million, within 48 hours.
Potential finance partners range from major banks and business development agencies to private lenders, niche banks and international loan assistance programmes.
Why construction finance is more vital than ever
The South African economy is experiencing a resurgence of sorts.
The resolution of the energy crisis, an improved logistical outlook and the Government of National Unity are behind the positive sentiment of both business leaders and global markets.
The construction sector, in particular, rebounded strongly in 2024, with the FNB/BER Civil Confidence Index climbing six points, to 50, in the third quarter to reach an eight-year high.
During the three months leading to September, the Afrimat Construction Index (ACI), a composite index of the level of activity in the construction sector, reached its highest level in six years.
According to the South Africa Construction Industry Databook Series report, the sector is expected to grow by about 2% per annum over the next four years, reaching R190 billion by 2028. Other forecasts predict growth up to 3% or 4%.
To take advantage of the rise in tender activity, construction companies require a competitive edge.
This entails adopting sustainable building practices and investing in advanced project management software and high-tech construction equipment. Access to capital over the short-term is key.
Our role in securing construction funding
We source finance based on a construction company’s funding needs, financials, credit history, and other key performance indicators.
The finance application process is web-based, and supported by the services of a Business Loans consultant.
Once an offer of finance is accepted, an agreement is signed and the funds are transferred into the company’s account.
Business Loans facilitates short-term construction funding at no cost to the company. Our fees are covered by the loan provider.
To learn more about our funding process, please refer to the Unsecured Business Loans page.
How short-term finance can help construction businesses
An advance in short-term working capital can:
- procure construction equipment and materials
- prevent expensive downtime and project shutdowns
- advance job site efficiencies
- exploit immediate business opportunities.
Construction finance qualifying criteria
Established construction companies in South Africa with an annual turnover of more than R1 million qualify for finance through Business Loans.
The company must have been operating for more than a year to be considered.
Take advantage of the infrastructure development boom. Apply for short-term construction finance online through Business Loans, and we’ll find you the best offer.
