Rendering is one of the trades that makes a home look finished. Acrylic render over brick or block, texture coats on foam cladding, cement render on a renovation. It’s skilled work, but it’s also exposed to the weather, dependent on scaffold, and usually paid well after your crew has packed up.
When the rain sets in and the invoices stack up, fast finance keeps a rendering business on its feet.
Why renderers need fast finance
The cash flow pressures in rendering:
- Weather delays. You can’t render in the rain, and a wet fortnight can push every job back while wages and hire keep running.
- Scaffold hire. Many renderers hire scaffold for each job, and the meter doesn’t stop just because the builder hasn’t paid.
- Materials up front. Render, texture coats, mesh, beads and sealers are bought before the job and add up quickly on a double storey home or townhouse block.
- Paid late in the build. Render comes near lock up or after, so you’re often waiting for the builder’s next progress claim to be paid before you see your money.
- Equipment. Render pumps, spray rigs, mixers and a truck or van all need replacing eventually.
What renderers use fast finance for
Wages and hire through slow periods
A cash flow loan for tradies covers wages, scaffold hire and materials through a wet patch or a slow paying builder.
Waiting on builder payments
If you’re subbing to builders on 30 to 60 day terms, subcontractor finance keeps money moving until you’re paid.
New pumps, rigs and vehicles
Upgrading to a better render pump or a second spray rig lets you run two crews. A fast loan buys it outright. See equipment finance for tradies.
Buying your own scaffold
Some renderers find it cheaper to own scaffold than keep hiring. A business loan can fund a set, and the hire savings help repay it.
Paying an ATO debt
A lump sum loan clears a BAS or PAYG debt in one go so you can focus on the work.
Secured vs unsecured rendering loans
Secured loans suit renderers who own property with equity: a home, an investment property or land. A fast second mortgage, fast first mortgage or bridging loan can fund in as little as 24 hours in some cases. Financials aren’t needed, bad credit is considered, and terms typically run 1 to 12 months. In Victoria, a caveat loan is also an option.
Unsecured loans suit rendering businesses with an ABN, six months or more of trading and recent business bank statements. The amount is sized to your turnover and some are funded within hours.
All our loans are for business purposes. Every loan is priced on your circumstances, and we find the sharpest rate available for your situation.
Example: a wet month and a slow builder
Example only. A rendering business in Geelong runs two crews. After three weeks of rain, five jobs are running late, scaffold hire is still ticking over, and the builder on its biggest job has pushed payment back another month. The business needs about $40,000 to cover wages, hire and materials until the jobs are finished.
The owner has equity in their home. A fast second mortgage, or a caveat loan since the business is in Victoria, covers the shortfall. Once the weather clears and the jobs are paid, the loan is repaid.
How fast can a renderer get a loan?
Fill in our 60 second form. A lending specialist calls you back to discuss options. Unsecured loans can move within hours in some cases. Secured loans can fund in as little as 24 hours in some cases, and typically within a few days once valuation and documents are in.
What to have ready
- ABN and business details
- Recent business bank statements (unsecured)
- Property details and approximate balance owing (secured)
- Outstanding invoices and current job list
- Equipment or scaffold quotes
Key facts
- Loan size: $20,000 to $5 million
- Security: property you or a guarantor own, or unsecured
- Speed: as little as 24 hours for some secured loans; hours for some unsecured
- Term: secured loans typically 1 to 12 months
- Suits: acrylic, cement and texture coating renderers
Finish the job without the cash crunch
Don’t let the weather or a slow builder stall your crews. Check your options in about a minute and we’ll tell you quickly if we can help.
