Progress Claim Finance

Progress Claim Finance

Businesses that work with contractual arrangements might look to progress claim finance to solve their short-term cashflow challenges. Instead of waiting for a contract milestone invoice to be paid, often 30-60 days after it has been completed, funding is advanced so you can use the funds to pay subcontractors, wages or other expenses. The amount is secured against the progress claim, allowing for a strong cash flow and ongoing growth as you work through the project. 

You don’t require real estate security to secure progress claim finance, meaning it is often easier to access than conventional financing. However, you must raise your progress claim in line with the relevant State Government Security of Payment Act in order to qualify.