Business Bridge Loans
You can access business bridge loans between £25,000 to £25 million for periods of up to 12 months and up to 85% LTV from an award-winning broker.
GPS Financial are leading financial specialists with decades of experience and access to a pool of reliable lenders to arrange competitive company bridging loans.
Fast decisions, money within days and competitive rates are the least you can expect!
What is a Business Bridging Loan?
A business bridging loan is a short-term interest-only loan that’s designed to deliver fast finance for any number of reasons. While primarily for property purchases or development, you can use a bridging loan for almost anything your business needs.
Common uses for company bridging loans include:
- Supporting a broken property chain
- Completing a deal on business premises while yours is still being sold
- Completing a purchase while a commercial mortgage is being arranged
- Purchasing premises at auction
Renovating or developing premises so it qualifies for a commercial mortgage
- Providing fast finance for business purchases
As long as you have the ability to repay the business bridge loan, there’s no limit to the uses you can put it to.
Borrow between £25,000 to £25 million for periods of up to 12 months for any property-related purchase, development or project.
Can I get a Company Bridging Loan?
Most businesses can access bridging loans, as long as there’s a property to secure it on.
Bridging loans are secured loans that use your property as collateral. These will either be the first or second charge on a property, which is then removed once the loan is fully repaid.
You could secure a first charge bridging loan against the property you’re looking to purchase, or a second charge bridging loan when securing against another property you already have a mortgage on.
You can borrow up to 85% loan to value of the property it is secured on. There are the usual ID checks but you won’t have to go through affordability checks like you would for a residential mortgage.
Instead, you’ll need a solid exit strategy that can demonstrate how you’ll make the loan payments and where the money will come from to pay off the loan.
If you’re able to do that, you’re likely to qualify for a business bridge loan.
As expert brokers, GPS Financial can help you every step of the way. We work with a number of leading lenders who are ready and willing to provide finance for almost any reason.
Speak To An Expert
Giving you peace of mind while you sit back and let us do all the work for you while finding you the best deal for your financial situation.
How long does it take to get a Company Bridging Loan?
Bridging loans for businesses don’t take anywhere near as long as a commercial mortgage. When you work with GPS Financial, you could have a decision within hours and the cash within a couple of days!
We can work faster when speed is of the essence – a critical advantage that any business cannot ignore.
As a leading financial broker, we’ll work with you to prepare your application, select the terms and choose a lender to work with.
We’ll then help you apply and manage the process so that you can concentrate on your business.
Once agreed, the funds can be transferred quickly and you can complete your purchase or invest the funds however you need.
Bridging Loans for business with GPS Financial
GPS Financial has been providing expert advice and access to competitive bridging loans for businesses since 2013.
Our aim is to enable any business of any size to access the fund they need to grow, develop and thrive.
We take care of everything: the paperwork, the negotiation, loan selection and anything else you need us to do.
We’re here to ensure the process goes smoothly so that you never miss out on an opportunity due to a lack of funds.
Making the right financial decisions is crucial to the success of your business, so make sure you receive excellent customer service and the best possible value with a trustworthy broker that you can rely on.
You can have peace of mind knowing that GPS Financial is not only authorised and regulated by the Financial Conduct Authority, but also awarded Best Firm: Bridging & Commercial in 2022 by Dynamo for Intermediaries, one of the country’s most prominent mortgage clubs.