Bridge the Gap in Your Short Term Business Finance
A commercial bridging loan is a short-term form of finance that could be worth considering for a variety of purposes. For instance, if you were looking to purchase new business premises and the sale of your current industrial or office unit has been delayed for some reason or if you wished to buy a property at auction and you were awaiting more long-term funding being sorted out.
As with most types of lending, there are many providers of commercial bridging finance. Therefore, you need to be able to access those that are offering competitive deals. You will be pleased to hear that by using us here at Connect Commercial Finance we are able to introduce you to numerous finance providers very quickly as we provide access to whole of market.
Lenders have their individual criteria when it comes to providing commercial bridging finance but below we list some of the features and benefits that you may expect to come across: –
- Amount – £25,000 to several million pounds.
- Term – 1 to 24 months.
- Interest – this is usually calculated on a monthly basis often with an option to roll-up the interest thus aiding cash flow.
- Loan to Valuation (LTV) – up to 80%.
- Security – usually a first mortgage over property or land.
By using Connect Commercial Finance to source your business bridging finance, we can assure you of a first class service borne out by the many favourable comments we have received from satisfied customers. We should also be able to provide you with access to some of the most competitive deals on the market.
Why Not Give us a Call and Benefit From Some Invaluable Free Advice
Another benefit of using Connect Commercial Finance is that we can quickly introduce you to an expert who can provide you with some free, unbiased advice about your commercial bridging loan requirements. He or she will be able to answer any of your questions and discuss your requirements without any obligation.