Why is bridging finance growing so quickly?

In these hard times of financing it has become more important to be able to complete a deal on time. Bridging finance has grown in status year on year and seems to be going from strength to strength.

Bridging loans deliver funding quickly and efficiently which is something high street and private banks just cannot do. A recent survey of business borrowers clearly shows the most important ingredient in funding a deal is speed of completion. The survey showed that traditional lenders are just taking far too long to get funds released and deals falter due to this reason.

One client interviewed said “I have been using bridging now for over 2 years and find it efficient and very fast”. “I try to keep to the same funding source as they know my business now and this speeds things up even more”. “I would have no hesitation to recommend this type of funding just make sure of your exit strategy in place”.

Some uses of bridging finance

Site Acquisition Planning or Development

Very popular with us, funds can be made available within 72 hours. This ensures valuable opportunities are not missed, also buys the client time to get longer term financing in place.

Buy-to-lets

Probably the most popular with us now, helps fund a purchase quickly and can assist in negotiating a reduced price.

Tax liabilities

Bridging is popular when a tax demand is made for a sum that cannot be raised in the timescale given. The loan can be secured against the business premises or other suitable assets again buying valuable time.

Need help?

If you have a financial situation and need clarity of what can be done call us now and we will be very happy to talk things over.