Many businesses / owners will be looking to borrow more than may be possible based solely on the accounts, lenders in these situations will often request security over a property. This can be commercial property, investment property or Directors own residential property (Independent legal advice must be taken in the latter cases). Terms can be flexible, from 3 months with no payments through to 5+ year terms. These loans can be used for any business case but often it’s for consolidation of expensive shorter term debt.
Bridging
A short-term lending solution designed to provide rapid access to funds, typically secured against property. Its primary purpose is to "bridge the gap" between an immediate financial need and the availability of longer-term financing. This type of loan is characterised by its speed and flexibility, making it suitable for situations where traditional mortgage processes are too slow. Common uses include property purchases at auctions, breaking property chains, funding property renovations, and addressing temporary business cash flow issues.
Commercial Mortgages
Loans specifically designed for businesses to purchase or refinance non-residential properties. These properties can include offices, retail spaces, warehouses, and other commercial buildings. Unlike residential mortgages, commercial mortgages are tailored to the specific needs and financial situations of businesses, often involving larger loan amounts and more complex underwriting processes. Lenders assess the business's financial health, including its revenue, credit history, and the property's potential value, to determine eligibility and terms.
