Overview
Aptic Financial Group’s Project Financing product provides contractors with the necessary funding to support large-scale projects, such as infrastructure development. This financing solution is ideal for projects that require phased disbursements tied to specific milestones, ensuring that contractors have the liquidity to advance their work while maintaining alignment with project timelines and requirements.
Purpose
Project Financing is designed to help contractors manage the financial demands of significant projects, particularly in construction and infrastructure. The funds are disbursed in phases, based on the completion of predefined project milestones, which minimizes risk and ensures the efficient use of resources.
Features
- Milestone-Based Disbursements: Funding is provided at various stages of the project, based on successful completion of specific milestones (e.g., foundation completion, structural work, final inspection).
- Collateral Options: Secured through assets like land, equipment, or cash cover, providing flexibility based on the contractor's available resources.
- Short-Term Financing: Structured to match the project's duration, ensuring repayments are aligned with project cash flows.
- Customized Terms: Tailored repayment schedules, including options for grace periods and extensions if project timelines change
Target Users
- Contractors involved in public and private sector projects, such as road construction, affordable housing, or other large-scale infrastructure projects.
- Businesses needing substantial upfront funding for mobilization, materials, and labor costs associated with extensive projects.
Benefits
- Reduced Financial Strain: Contractors receive funds as needed, reducing the burden of upfront financing for large projects.
- Enhanced Cash Flow Management: Allows contractors to manage cash flow more effectively by matching disbursements with project progress.
- Risk Mitigation: Milestone-based disbursements help prevent overfunding and ensure funds are used as the project advances.
- Flexible Security: Accepts diverse collateral types, making it accessible to a wider range of contractors.
