Why consider bridging loans?
In business, opportunities can arise or new situations can develop with little or no notice. Trying to obtain finance to meet those requirements can be a frustrating process. Until relatively recently, the natural port of call was a big institutional lender. In today’s economic climate though, individuals who need a short-term business related loan are getting little joy on the high street. Blanket refusals are all too common. What’s more, it is not unusual for business owners to waste lots of time on a loan application only to be turned down for finance at the end of the application process.
Bridging loans are increasingly seen as the smart alternative to this. Bridging loans are short-term loans secured on the actual value of property. The term of the bridging loan can be tailored to your requirements (Balmoral can arrange bridging loans from £100k to £1million – payable over a term between 1 and 12 months).
If you need to raise capital for a business-related purpose, bridging loans from Balmoral may be the answer.
Why use Balmoral for Bridging loans?
- A flexible approach. We are a direct lender and underwrite our own bridging loans. We are therefore able consider all applications on a case-by-case basis, taking into account relevant circumstances and background of the borrower.
- A proven track record. Our highly experienced team enables us to deal efficiently and effectively with applications for bridging loans – even in the most complex of lending situations.
- A fast service. We appreciate our clients will be keen to get the ball rolling. We can provide a decision within a few hours and if successful provide funds in as little as 5 days.
Contact us email@example.com and one of our team will discuss your circumstances and provide you with a decision and quotation within a few hours.