Our bridging loan facility can be used in many circumstances and is usually secured against property. This type of loan has a defining characteristic; it is a loan that essentially bridges an exit gap, which is usually a refinance or sale of an asset. Bridging loans can often be arranged within a matter of hours, much quicker than traditional bank lending, with the release of funds sometimes within 72 hours. Loan amounts start from around £25,001 to a maximum of £500,000.
Why bridge?
The main reasons that property professionals use bridging loans are:
- To quickly raise finance
- To refurbish a property
- Complete purchases at auction
- To purchase property that would not secure a mortgage
- To bridge a shortfall of funding between buying and selling property
- To raise a deposit for purchasing property
- To finish a property development
Secured Loans
If you want to borrow a large amount a secured loan is a great option for small businesses. They can help you borrow more for your business as you can use the assets in your business as collateral. If the loan can’t be paid back in full, the proceeds from the sale of assets can be used to pay off the outstanding amount.
There are different assets you can use depending on the value and purpose of your loan:
- Property and large assets may also be used as security
- May also require a personal guarantee
For almost any purpose
- Boost your cash flow
- Grow your business
- Refurbish premise
- Cover a one-off cost
- Buy new assets
- Hire extra staff