FINANCE OPTIONS

240k Bridging Loans - Apply Now

A £240,000 bridging loan provides UK SMEs with a crucial short-term funding solution to bridge cash flow gaps during transitional periods, such as awaiting invoice payments or securing longer-term financing. This flexible funding option from Funding Agent enables businesses to manage essential expenses like payroll, supplier payments, and inventory acquisition without disruption, ensuring operational continuity and growth.

Secure up to £240,000 in Bridging Loans with Funding Agent.

Secure up to £500,000 in Secure up to £240,000 in Bridging Loans with Funding Agent. with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of 240k Bridging Loans?

The main benefit of a bridging loan is its ability to provide fast access to capital, with flexible terms catering to urgent transactions. With borrowing amounts ranging from £50,000 to several million, decision times range from 24 hours to a week, and funds available shortly afterward. These traits make bridging loans an optimal choice for those in need of swift financial solutions. For more benefits, check funding solutions for small businesses.

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Quick financing
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Flexible repayment terms
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Bridges financial gaps

SCALE YOUR BUSINESS TO NEW HEIGHTS

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What are the different types of 240k Bridging Loans?

Closed Bridging Loan

Closed bridging loans are best for SMEs with a clear repayment plan, often underscored by a confirmed exit strategy such as a property sale. Loan amounts typically range from £50,000 to millions, depending on the asset value. Explore your options with a bridge loan guide.

Closed Bridging Loan

These loans are generally secured within 24 to 48 hours and feature interest rates between 0.4% and 1.5% per month. They are perfect for finalizing property purchases. If you're awaiting the finalization of a property sale, a closed bridging loan may be a prime choice. Property developers can find more insights in our loans guide.

Open Bridging Loan

Open bridging loans suit SMEs lacking a fixed repayment plan but possessing a credible exit strategy. These loans start at £50,000. For those in retail sectors, consider exploring open bridging options.

Open Bridging Loan

With decision times spanning 3 to 5 days and interest rates from 0.6% to 2% monthly, open bridging loans provide valuable flexibility for purchasing new premises. Key for retail chains aiming for rapid expansion, find specific use cases on our detailed page.

Asset-Backed Bridging Loan

These loans require businesses to provide substantial assets such as property as security. They begin at amounts of £25,000. For manufacturers needing rapid capital, see asset-backed lending methods.

Asset-Backed Bridging Loan

Offering loan durations from 3 to 24 months and interest rates between 0.5% and 1.2% per month, asset-backed loans are vital for industries like manufacturing, covering urgent expenses. The loan-to-value ratio is typically 70-80%, guiding businesses in managing inventories effectively. Learn more in our comprehensive guide.

What is a 240k Bridging Loan?

Application Processes

Applicants must demonstrate creditworthiness and submit a business plan with a clear exit strategy. Valuation of secured assets is mandatory, a process streamlined on our platform. For a smoother application process, visit our application overview.

Regulatory Requirements

SMEs seeking bridging loans in the UK must comply with FCA regulations, emphasizing transparency and consumer protection. Our expertise ensures adherence, see our regulatory compliance section.

Borrowing Capacity & Rates

The borrowing potential is influenced by asset values, credit history, and repayment capability, with typical rates ranging from 0.4% to 2% per month. Understand factors better at our detailed section.

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FAQ’S

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