FINANCE OPTIONS

^Bridging Loans for Small Businesses Explained

Q: How much can I borrow with a bridging loan?

With a bridging loan, borrowing capacities range from £25,000 to £25 million, depending on asset value and business stability. We offer tailored solutions to fit your financial needs.

Q: How quickly can I get a decision on my loan application?

Initial decisions on bridging loans are usually made within 24 to 72 hours, with funds available 5 to 21 days after approval, depending on submission details and loan complexity.

Q: What are the typical interest rates for bridging loans?

Interest rates for bridging loans typically range from 0.3% to 1.5% per month, varying by security type, loan amount, and business creditworthiness.

Q: What are the eligibility requirements for an open bridging loan?

Eligibility for an open bridging loan generally requires UK SMEs to have existing property or confirmed incoming funds, alongside a creditworthy profile.

Bridging Loans for Small Businesses provide essential short-term finance solutions to bridge gaps between incoming funds and immediate financial needs. Commonly used to quickly secure property or manage cash flow shortages, these loans are vital for smooth business operations. With flexible terms and rapid decision times, bridging loans can be the perfect solution to secure opportunities swiftly.

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

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Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of Bridging Loans for Small Businesses?

Bridging loans offer quick access to funds with flexible terms and less stringent eligibility criteria than traditional bank loans. With typical amounts ranging from £25,000 to £25 million, approvals as fast as 24 hours, and competitive rates starting at 0.3% monthly, our expertise ensures swift and efficient funding solutions to meet your specific needs.

Quick funding access

Flexible repayment terms

Supports business opportunities

What are the different types of Bridging Loans for Small Businesses?

Open Bridging Loans

Open Bridging Loans, available to UK SMEs with existing property or confirmed incoming funds, offer amounts from £25,000 to £10 million, with terms of 1 to 12 months.

Open Bridging Loans

Offering interest rates from 0.4% to 1.5% monthly, approval can be as swift as 24 to 72 hours with funds available in 7-14 days. Ideal for purchasing property before existing asset sales or managing unexpected expenses, sectors like real estate and retail benefit significantly from this quick financing option.

Closed Bridging Loans

Closed Bridging Loans require a set repayment date and are available to SMEs expecting funds from a sale or refinancing, offering amounts from £100,000 to £5 million.

Closed Bridging Loans

With interest rates starting at 0.3% monthly and decision times from 24 to 48 hours, these loans are perfect for closing financial gaps before receiving sale proceeds. Simplified approval processes make this a low-risk option for sectors like manufacturing and tech startups bridging funding rounds.

Development Bridging Loans

Development Bridging Loans are suited for property developers needing finance for development projects, offering £50,000 to £25 million for 6 to 24 months.

Development Bridging Loans

Interest rates range from 0.75% to 1.5% monthly, with approval in 48-72 hours and funds in 10-21 days. Ideal for projects requiring planning permission and detailed plans, construction and hospitality businesses often utilise these loans for property refurbishment and development.

What is a bridging loan for small businesses?

Application Processes for Bridging Loans

The application process for bridging loans involves providing a business snapshot including financials, credit history, asset valuations, and a clear exit strategy. Decisions are made in 24 to 72 hours, with funds available in 5 to 21 days depending on complexity and documentation.

Regulatory and Compliance Aspects

Bridging loans in the UK are regulated by the FCA. For SME use, loans are generally considered commercial. Compliance with consumer credit rules occurs only when certain conditions are met, showcasing our proficiency in navigating these regulations.

Understanding Borrowing Capacity and Rates

Borrowing capacities range from £25,000 to £25 million, influenced by asset value, credit profile, and business stability. Rates from 0.3% to 1.5% monthly are affected by loan type and security offered, with additional fees like arrangement and legal fees.