ARE YOU LOOKING FOR A BRIDGING LOAN?
A bridging loan provides short-term funding to bridge the gap between two sources of funding. Businesses may need a loan for various reasons, such as expanding or relocating property before the sale of their current property is finalized. Another example is that of a development company that needs a bridging loan to acquire land, purchase construction equipment, and hire staff before any sites are sold.
It's important to note that a bridging loan is for a short period of time, normally secured against property or land and used when speed is essential and the finance is needed quickly. It is not the cheapest way of borrowing money but is normally used when time is the most important factor.
Advantages of A Bridge Loan
Quick access to the most competitive market rates
As the premier independent commercial finance broker in Somerset, we have access to competitive market rates, offering you more choice when it comes to choosing the best commercial finance solution for your needs, whether you're developing property or looking for a bridging loan solution, or even looking for funding to help grow your business.
Need a loan in a hurry?
Why searching for a loan with us makes sense
An extensive network of lenders
Tailored finance options that suit your exact needs
We wont waste your time
We only get paid on results
Are You In Property?
Since the credit crunch, bridging has been used for many different reasons, but on the whole, it is for the purchase of property both commercial and residential and for the developments of such properties.
Lenders require a valuation, an application form and identification to start things off, then the deal can go straight to lawyers and can be completed very quickly. Rates start from 0.65% per month up to circa 1.5%, depending upon the security.
1st Business Finance are seeing more and more requests for this type of finance and have therefore developed close relationships with all the lenders in this market meaning that we can place deals very quickly and guide you through the whole process.
How We Can Help You
We have an unrivalled panel of commercial mortgage lenders, in most cases, we are able to minimise the time from application to completion by carefully assessing your circumstances against our lender panels current loan criteria.
Call us now to enquire about commercial mortgages, plus current availability and suitability for your needs:
01884 308 222