A residential builder in Canterbury: a few late payers and a crew to pay

Building houses, paid at month-end

The business builds houses in Canterbury. Its invoices are paid at the end of the month, and most clients keep to that.

A house build has a crew on it from the first day, and the crew’s wages fall due long before the client’s end-of-month payment. Wages don’t move to suit the invoice.

Wages due, clients running late

The wait is fine when the clients pay on the day. A few don’t, and that’s where it bites: the wages are due whether the client has paid or not.

At sign-up in August 2023, the owner told the FundTap team a few clients paid late and the wages had to be covered meanwhile.

That’s the whole problem for a builder: not the work, not the clients, just the gap between a payday and a month-end that slips.

Funding a slow invoice

Their broker introduced them to FundTap, and they signed up in August 2023. They funded two invoices that month, both for building work already done.

The owner picks the invoice that’s holding wages up and sees the fee before committing. The client still pays the business at the end of the month, as agreed.

The crew paid on payday

With that invoice funded, wages go out on payday and the build keeps going. The client’s money lands at month-end, late or not, and by then the crew has been paid and the house has moved on.

The owner has used it that way since, choosing the invoice each time.

Quiet most of the year

Most of the time nothing is funded. They’ve put 19 invoices through since August 2023: three in 2023, six in 2024, three in 2025 and seven in 2026 to September. The months in between cost nothing at all.

Their funding limit was raised in August 2024, and in September 2026 they funded one more.

The timeline

1. August 2023 Introduced by their broker and signed up, with a few late payers and wages to cover.
2. August 2023 Funded their first two invoices, for building work already done.
3. August 2024 Funding limit raised.
4. September 2026 Funded one more invoice, the latest in the records.

In numbers

• 19 invoices funded since August 2023, when a payday came before the client’s money
• 7 invoices funded in 2026 to September, the most in a year so far
• 3 whole years with FundTap, most of them quiet
• 1 increase to their funding limit, in August 2024

Sound like your business?

Your invoices say end of month, one client is running late, and payday doesn’t move. Fund that invoice and pay the crew.

Get paid now for work you’ve already done.

Invoice finance for construction and trades  •  All case studies