Every new build on an established block starts with a demolition crew. Knockdown rebuilds, duplex sites, small commercial redevelopments and internal strip outs all need someone to clear the way. It’s hard, heavy work, and the money side is heavier than most people realise.
Demolition contractors spend big at the start of every job and get paid at the end. Fast finance closes that gap.
Why demolition contractors need fast finance
The costs in demolition hit early and hard:
- Tip fees and landfill levies. Every truck load of brick, concrete, timber and mixed waste costs money to dump, and levies keep rising in most states.
- Asbestos removal and disposal. Licensed removal, air monitoring, wrapping and disposal at approved facilities all cost more than general waste. Finding more than expected mid job is common in older homes.
- Plant and fuel. Excavators, bobcats, tippers and float hire burn through cash every day they’re working.
- Paid on completion. Many demo jobs are quoted as a lump sum paid when the site is cleared, or even later when the builder’s first progress claim is paid.
- Permits and deposits. Council permits, disconnections and site setup costs land before you’ve swung a bucket.
What demolition contractors use fast finance for
Covering disposal costs on large jobs
A duplex site knockdown or a small commercial strip out can mean dozens of loads to the tip. A cash flow loan for tradies covers those bills until the job is paid.
Buying or upgrading plant
A bigger excavator, a demolition attachment, a new tipper or a float can open up bigger jobs. See equipment finance for tradies for how a fast loan can fund plant.
Paying an ATO debt
Demolition businesses with heavy fuel and plant costs can still end up with a large BAS or PAYG debt. Clearing it fast keeps the ATO off your back and protects your ability to tender.
Taking on the next big contract
Winning a knockdown package from a builder, or a multi lot site clearance, can double your normal workload. Urgent business loans for construction help you gear up fast.
Secured vs unsecured demolition loans
Secured loans suit demolition contractors who own property: a home, a yard, an investment property or land with equity. A fast second mortgage is the most common option, but a fast first mortgage or a bridging loan can be used too. Loans are based on equity, not financials, bad credit is considered, and funding can happen in as little as 24 hours in some cases. Terms typically run 1 to 12 months. In Victoria, a caveat loan is also possible.
Unsecured cash flow loans suit demolition businesses with an ABN and at least six months of trading. You’ll provide recent business bank statements and the loan is sized to turnover. Some are approved and funded within hours.
Loans are for business purposes. Every loan is priced on your circumstances, and our lending team finds the sharpest rate available for your situation.
Example: a knockdown with more asbestos than expected
Example only. A demolition contractor in Adelaide takes on a knockdown for a builder doing a duplex. Halfway through, the crew finds asbestos in the eaves, the floor coverings and an old garage, adding around $35,000 in removal and disposal costs. The builder agrees to a variation but won’t pay until the site is handed over.
The contractor has traded for five years and has solid bank statements. An unsecured cash flow loan of $50,000 covers the extra disposal plus the next week’s wages and fuel. When the builder pays, the loan is cleared.
How fast can a demolition contractor get funded?
Fill in our 60 second form. A lending specialist calls you back to talk it through. 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)
- Details of any property you own (secured)
- The contract or quote you’re funding, plus any variations
- Plant quotes if you’re buying equipment
Key facts
- Loan size: $20,000 to $5 million
- Security: property you or a guarantor own, or unsecured for established businesses
- Speed: hours for some unsecured loans; as little as 24 hours for some secured loans
- Term: secured loans typically 1 to 12 months
- Suits: residential knockdowns, strip outs and small commercial demolition
Clear the site without clearing out your account
Don’t let tip fees and disposal costs hold up your next job. See if you qualify in about 60 seconds and we’ll tell you quickly if we can help.
