How Bridging Finance can help finance your projects

Bridging Loans offer fast access to funding for businesses to ‘bridge’ a gap in finance, sometimes mid-project, to allow for its completion.

What is the typical sort of project where a bridging loan can help? 

Generally, a bridging loan can be the right type of finance if the borrower:

• Is able to back the loan by an asset, typically a property - bridging finance can even let you borrow money on one asset in order to purchase and fund another asset. 
• Needs fast access to funds - bridging finance allows borrowers to receive the funds faster because with these types of short-term loans, lenders understand the urgency. Bridging lenders will generally take a more commercial view and tend to price accordingly.
• Requires a more flexible solution that makes going to a traditional lender harder. That can mean, that, as opposed to mortgages and unsecured finance, they do not require a strict criterion and are less often underwritten by a lenders’ algorithm. 
• Needs flexibility - You might value the flexibility to repay the loan, within weeks or months at your choice, if you do not want to (or can’t) take out a traditional long-term mortgage. 

What you need to know before applying

Having your application reviewed by a human allows experts to problem-solve and have a common sense approach, just like CSBF Capital Partners, common sense finance working for you.

To find the right bridging for their business, the borrower must know beforehand how much they need to borrow, the value of the asset (normally a property) that will form the security, how long the loan will be needed for and who else might have a charge over the asset (having a mortgage can influence the amounts.)

Jourdan Rajwan, Director, comments “Bridging finance can make your life easier, if you need access to the funds quickly and need a lender who will actually look at your deal outside of the strict criteria that banks tend to use. We see borrowers coming to us for our flexibility and willingness to look at the bigger picture to get a deal over the line.” 

CSBF is able to provide finance with prompt decisions, having a common sense approach and at a competitive pricing. Contact us for more details.