Business Bridging Loan
When you require short term financing, for example to purchase property while waiting on the proceeds of the sale of another property, then a Business Bridging Loan may be the answer.
Our Business Bridging Loan may offer your business the solution. It is short-term interest-only loan for a specific purpose, such as covering a property purchase pending the receipt of your primary funding. It enables you to close an important deal without needing to wait until another transaction takes place.
Key features
Bridging Loans generally have a maximum term of 12 months, although longer terms are possible.
Repayment is normally made in one lump sum, at or before maturity.
The loan may be cleared by the proceeds of the sale of an asset, a maturing investment, refinancing by approved third-party borrowing, and in some cases, cash flow.
Important information
All credit facilities are subject to status, and applicants must be 18 or over.
Contact
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