How do I know if a bridging loan is right for my business?
September 17, 2024A bridging loan may be right for your business if you need fast access to capital for a short-term need,…Can a bridging loan be repaid early?
September 17, 2024Yes, most bridging loans offer the flexibility to be repaid early without penalty, although this depends on the terms agreed…What are the interest rates and costs associated with bridging loans?
September 17, 2024Bridging loans generally have higher interest rates compared to long-term financing options due to the short-term nature of the loan…What security is required for a bridging loan?
September 17, 2024Bridging loans are usually secured against property, either commercial or residential. The value of the property and the borrower’s ability…How long is the repayment term for a bridging loan?
September 17, 2024Bridging loans are short-term by nature, with repayment terms typically ranging from 6 to 12 months. In some cases, the…What are common uses for a bridging loan?
September 17, 2024Common uses for bridging loans include purchasing property before selling an existing one, financing auction property purchases, covering refurbishment or…How quickly can a bridging loan be arranged?
September 17, 2024Bridging loans are designed to be arranged quickly, often within a few days to a couple of weeks, depending on…What is a bridging loan and who are they a good option for?
September 17, 2024A bridging loan is a short-term financing option designed to provide quick access to funds. It is typically used to…
