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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that Anglo Scottish Asset Finance acts as a broker, not a lender, and if you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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Bridging Finance

Bridging the gap in your finance.

What is a bridging loan?

A commercial bridging loan is a short-term loan secured on a commercial property such as a warehouse, barn, industrial unit, or office. Bridging finance can help your businesses to cover infrequent expenses that need payment quickly.

A commercial bridge loan functions by offering businesses a temporary capital source to finance the purchase of a new property. Typically, it is secured against the value of the business’s current property or the new property being acquired. These loans usually have a term spanning from a few months to a year, providing businesses with sufficient time to finalize the sale of their existing property.

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Check bridging loans for Planning, Purchase/Refinance, Developer Exit, and Refurbishment.

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Benefits of Bridging Finance:

  • Faster capital access in contrast to traditional financing
  • Lenders tend to offer more flexible terms for temporary loans
  • Easier to obtain: this funding option is more accessible compared to traditional loans and mortgages
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Need help? Call us on 0191 410 4776

How do commercial bridging loans work?

Bridging loans are short-term, interest-only loans that are usually arranged for up to 18 months (although some lenders offer longer terms).

During the term of the loan, interest is usually rolled into the loan and repaid at the end of term, or sooner if the loan is repaid early. As such, there are usually no monthly payments to make.

What is bridging finance used for?

Bridging finance to get a working capital boost or to cover short-term cash flow challenges, or to purchase a property at auction.

It’s important to bear in mind that although bridge loans provide immediate cash flow, interest rates are higher, and you’ll typically have to offer collateral.

At Anglo Scottish, we can support your bridging loan application by approaching our panel of lenders to make sure your business gets the best deal available.

CASE STUDIES

You Can Finance That? The Weirdest Assets Funded Over The Years.

It might surprise you, but asset finance isn’t all diggers and tractors, although we do finance a lot of them. We can actually finance almost anything (within reason), and in the past 17 years, we’ve certainly seen our fair share of odd assets.

Artificial Intelligence and Robotics, The Future of Farming?

From implementing innovative technologies to diversifying their crops, farmers and crofters in the UK have shown incredible resilience in the face of adversity. By collaborating with researchers and agronomists, they can stay ahead of the curve and ensure sustainable practices for the future. We look at some of the solutions being utilised to protect the future of farming.

Choosing An Electric Commercial Vehicle, Everything You Need To Know.

Looking for an a new electric commercial vehicle? there are various avenues through which you can obtain one so we look at your buying options so you can make an informed decision.