Progress Claim Finance
Stop waiting 30-60 days for progress claim payments. Progress claim finance advances cash against your certified claims so you can pay suppliers, cover wages, and keep projects moving.
Key Features
Faster Payment
Receive up to 80% of certified claim value within 24-48 hours
Built for Construction
Lenders who understand progress claims, retentions, and project cash flow
Keep Projects Moving
Fund wages, materials, and subcontractors without waiting for payment
No Property Security
Secured against your progress claims and receivables, not your home
Recently Funded Deals
See what's possible with the right finance solution
*Based on real deals settled by Andorra Private. Details may be generalised for confidentiality.
Unregistered MIS — Industrial Warehouse Portfolio
The Scenario
A property syndicate structured as an unregistered managed investment scheme sought finance to acquire a portfolio of large industrial warehouses in regional Victoria.
The Challenge
The syndicate required non-recourse lending with no directors guarantees — a structure many lenders are unfamiliar with. Loan documentation needed to reflect the MIS trust structure correctly, requiring coordination between the client, their solicitor, and the bank's solicitor.
The Solution
We identified a major bank willing to provide a lease-doc facility on a non-recourse basis. We then worked closely with all parties — the client, their legal counsel, and the bank's solicitors — to ensure the loan contracts correctly reflected the trust structure and that no personal guarantees were required.
The Outcome
The facility was successfully arranged with a major bank. The syndicate acquired the warehouse portfolio with no directors guarantees, and all loan documentation was executed correctly on the first pass.
Non-Recourse
Structure
None
Guarantees
Lease-Doc
Facility Type
Major Bank
Lender
Client Testimonials
Hear from our satisfied clients
“Nick as a broker is part of my dream team for not only residential but especially commercial lending and has been nothing short of brilliant! Always calm under pressure and gets the job done. Very proactive and knowledge far superior to other brokers I've worked with. He's also got another option up his sleeve to ensure you achieve your goals. Absolutely no hesitation in recommending Nick for all things finance. Do yourself a favour and have a preliminary chat with Nick.”
Rachael
Commercial Lending
“Nick is an absolute gun at his job. I've been through many brokers over the years, and he is by far the best I've worked with. His knowledge in the commercial space is second to none, and the way he handles the process is completely seamless.”
P
Commercial Finance
“Nick is super professional and highly competent in his craft. He guided me with credible lending options and advice during my commercial property purchase journey. Highly recommended.”
ADS Rawal
Commercial Property
Ready to discuss your options? Get a response within 24 hours.
Start ApplicationCash Flow for Subcontractors and Builders
Construction businesses face a persistent cash flow challenge: you incur costs for labour, materials, and subcontractors upfront, but payment on progress claims can take 30-60 days or more after certification. This gap can strain working capital and limit your ability to take on new work.
Progress claim finance advances cash against your certified progress claims, providing immediate liquidity so you can meet obligations and keep projects on track.
How Progress Claim Finance Works
Once your progress claim is certified by the head contractor or project superintendent, you submit it to the funder. The funder advances up to 80% of the claim value — typically within 24-48 hours.
When the head contractor pays the claim, the advance is repaid and the balance (less fees) is released to you.
The facility is revolving, so you can submit claims as they are certified throughout the project lifecycle.
Who Uses Progress Claim Finance
Progress claim finance is used by subcontractors, builders, and construction services companies who invoice on progress claims. It is particularly valuable for businesses working on large projects with long payment cycles, or those with multiple concurrent projects stretching cash flow.
We work with specialist construction finance providers who understand retention schedules, variations, and the nuances of construction payment cycles.
Discuss Your Progress Claim Finance Needs
Our team specializes in finding the right lending solution for your unique situation. Get expert advice today.
Frequently Asked Questions
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Start your application today and get a response within 24 hours from our finance specialists.