What funding options are available for my first construction project?

If you’ve issued a sales invoice, staged invoice, or uncertified payment application for completed or ongoing construction work, you may qualify for construction invoice finance. This funding can release up to 70% of the invoice value, often within 24 hours, easing cash flow. Tailored to the construction sector, it works even with long payment terms, retentions, or complex milestones, and can be topped up as new invoices are raised.

How can a first-time property developer secure construction finance?

Lenders tend to view first-time developers as higher risk, but securing construction funding is possible with the right preparation. You’ll need to present a detailed development plan, including project costs, timelines, and your intended exit route (e.g., sale or refinancing). Most funders expect a clear view of how the loan will be used throughout each phase, from land purchase to build completion. Partnering with a broker who specialises in development and construction finance can help you access lenders that are open to funding first-time projects.

Am I eligible for a development loan as a new developer?

Eligibility criteria vary by lender, but most UK providers require your company to be a registered limited company (Ltd) with at least 6 months of trading history and a minimum monthly revenue of around £5,000. First-time developers can access between £20,000 and £500,000, depending on whether the loan is secured or unsecured. If you’re not a homeowner, you can still apply, though unsecured limits are usually lower. Working with a commercial finance broker can help match you with lenders that support new entrants to the construction market.

Development Loans for UK Property Developers and SMEs

Looking to fund your next residential or commercial development? A property development loan gives you access to the capital you need to purchase land, fund construction, or convert existing properties, all with a facility tailored to your project’s scale and timeline.

Development finance is a popular option for UK property developers, builders, and investors seeking flexible funding solutions. Whether you’re planning a ground-up build, a refurbishment, or a multi-unit scheme, a development loan can provide staged drawdowns aligned with each phase of your project, helping you manage cash flow efficiently and maximise returns.

What is a development loan, and how does it work for UK property projects?

A property development loan is a type of short-term finance designed to fund the construction, renovation, or conversion of residential, commercial, or mixed-use property developments. Popular among property developers, investors, and construction companies, these loans provide the working capital needed to cover land acquisition, build costs, professional fees, and other project-related expenses. Development finance is usually used by experienced property developers, construction firms, landlords expanding portfolios and investors converting or flipping properties.

Apply for development loans through Prospera Funding.

Apply for a development loan

Why choose Prospera Funding for a development loan?

Full access to UK lenders

Access tailored business finance from £5,000 to £25M, with rates from 4.5%. Prospera Funding connects UK SMEs with both traditional and alternative lenders for flexible, fast business finance solutions.

Protecting your credit

We prioritise protecting your credit score by leveraging our lender network and industry expertise to assess your funding options without formal applications or credit checks.

Fast decisions

Our lenders offer faster funding than traditional bank loans, ideal for businesses needing quick access to working capital, cash flow, or growth. Decisions and funds in as little as 24 hours.

Transparent costs

You know your business best, and whether business finance makes sense to achieve your goals. At Prospera Funding, we simply present the best funding options, fully explain the costs, and let you decide. No risk, no commitment, and no broker fees.

Industry specialists

Our business finance specialists have expert knowledge and proven experience across multiple industries, ensuring tailored funding solutions aligned with your business goals.

Flexible options

Our lenders provide flexible loan terms, repayment options, and requirements, helping businesses find funding that aligns with their goals

Aftercare support

With expert finance specialists and a vast lender network, we deliver tailored business funding solutions and ongoing support, ensuring your company always has access to the most cost-effective finance options on the market.

Industry compliant

We work with FCA-regulated lenders and ensure full compliance with all industry rules and regulations.

Development Loan Calculator, Estimate Your Monthly Costs

Rate from 4.5%, loans between £5,000 to £25,000,000.

360 overview of the whole UK lending market, all types of legal businesses considered.

Fast decisions, funding from as quickly as 24 hours.

No cost, risk or commitment...and no credit searches.

How to apply for a development loan

We make business funding fast, simple, and tailored to you. Our advanced platform intelligently matches your business with the most relevant finance solutions from a wide panel of UK lenders. Whether you’re expanding, managing cash flow, or investing in growth, we’re here to help you access the funding you need, without the hassle.

Start your journey here

Women thinking about the process of applying for a development loan at Prospera Funding.

Get funded in 3 easy steps

1. Tell us about your development loan requirements

Let us know how much you’re looking to borrow, what it’s for, and a few key details about your business. No lengthy forms, just straightforward questions.