Parex

Construction materials for builders, paid upfront or on credit

Parex is a revolving credit line for construction companies and contractors. You buy materials from verified suppliers upfront or on 30, 60 or 90-day terms, and the supplier gets paid on delivery. Credit decision within 48 hours of receiving your documents.

Updated:

Where we operate

Bogotá and the SabanaConstruction materials in Bogotá, paid upfront or on creditProjects in Bogotá, Soacha and the western Sabana. Upfront or 30, 60 or 90-day credit.Medellín and AntioquiaConstruction materials in Medellín, paid upfront or on creditProjects in the Aburrá Valley and eastern Antioquia. Upfront or 30, 60 or 90-day credit.Coffee RegionConstruction materials in the Coffee Region, paid upfront or on creditNew builds, retrofits and reconstruction in Pereira, Manizales and Armenia.Barranquilla and AtlánticoConstruction materials in Barranquilla, paid upfront or on creditProjects in Barranquilla, Soledad, Puerto Colombia and Malambo. Upfront or 30, 60 or 90-day credit.Cartagena and BolívarConstruction materials in Cartagena, paid upfront or on creditHousing, hotels and institutional projects in Cartagena and Turbaco.

How to buy materials with Parex in Colombia

  1. Book a call and tell us about the project you are running and the materials you need.
  2. Choose how to pay. Upfront from your first purchase, or with a revolving credit line on 30, 60 or 90-day terms.
  3. Send your company documents. Within 48 hours of receiving the complete set we tell you whether you qualify for a credit line.
  4. Issue the purchase order to verified suppliers that deliver in Bogotá, Medellín, the Coffee Region, Barranquilla and Cartagena. The supplier gets paid on the day delivery is confirmed.
  5. Repay on the agreed terms from project cash flows. As you repay, the available amount is released and you can use it again.

Upfront purchases count too. They show us your payment behavior, and with that history we can offer you better financing terms on your next purchases.

Who it is for

  • Builders with social housing, market-rate housing, commercial or institutional projects.
  • Contractors buying materials for several projects at once.
  • Companies running retrofit or reconstruction work that need to buy before project funds arrive.

Materials account for about half the cost of a building in Colombia (50.7% according to DANE as of August 2026). Paying for them on terms frees up cash for labor and progress. To compare options, read the guide how to finance the materials for a project.

Why buy materials on credit

  • You keep the project’s cash for payroll, labor and progress.
  • One line for several suppliers. Buy steel, concrete, masonry or finishes with the same credit line.
  • The supplier gets paid on delivery. That makes it easier to secure availability and delivery times.
  • Decision within 48 hours of receiving your complete documents.

Frequently asked questions.

Bogotá and the Sabana, Medellín and the Aburrá Valley, the Coffee Region (Pereira, Manizales and Armenia), Barranquilla and its metropolitan area, and Cartagena.

The line is designed for construction companies and contractors. Book a call and we will review your case.

Yes. You can pay upfront from your first order. Every upfront purchase shows us your payment behavior, and with that history we can offer you better financing.

Once we receive all your company documents, we tell you within 48 hours whether you qualify for a credit line.

The available amount is released as you repay. You can use it again for new purchases without filing a new application each time.

No collateral is required. Experience with completed and delivered projects is ideal. If the project runs under a regulated real estate trust (fideicomiso), that counts in your favor.

Related

GuideHow to finance the construction materials for a projectConstruction loans, supplier credit, factoring and revolving lines: when to use each.
Sources
  1. DANE, Índice de Costos de la Construcción de Edificaciones (ICOCED), agosto de 2026