Commercial Bridging Loans
Posted on October 22nd, 2011 in All, Commercial. Business nowadays is a very competitive place and having adequate funds to finance new ventures is important. If liquidity is low and you need finance to help fund a new venture or purchase of property until more permanent finance can be arranged, then a business commercial bridging loan could be the answer. This would allow you to get hold of the financial means required to bridge the gap in as little as 2 to 10 days.Possible commercial uses that a business could need a bridging loan for can include, property developers buying land or property at auction or where a quick completion is needed to tie in a large discount. Another application of this kind of lending is to assist property developers finance refurbishments, conversion or rebuilds.
Credit history such as CCJs defaults arrears or other bad credit scores don’t usually affect commercial bridging loans as the finance will be secured on other property or assets that you have. Terms are variable and can normally be between 1 and 36 months. To find out more we suggest you speak with a specialist commercial bridging loan lender.