Bridge loans are a short-term finance solution that have for many years been associated solely with property transactions. However, bridge loans can be applied to any business application, from pay off tax bills to kick-starting new projects.

A bridge loan could be treated as kind of emergency fund, allowing a release of capital quickly and easily when needed.

Below are just a few reasons for taking out a bridge loan:

 You may be looking to buy a new property, but are unable to until you sell an existing one. In this case, you may not have a clear timescale on when the old property will be sold. By using bridge loan in this situation you can secure the capital against the existing property, allowing the purchase of the new property, repaying the bridge upon the sale of the existing property.

 Again during a property purchase, the ideal property may come at the most unexpected times. If you don’t already have a mortgage or loan in the pipeline, it can take weeks or even months to get approval. This is not the case with bridge loans, and in some cases, it may be possible to receive the funds on the same day as the application.

 With Bridge loans, you will find many options to repay your loan amount. Nor will you be tied into a longer repayment schedule as you would with a bank loan or mortgage.

 Bridge loans can be utilized to help launch new projects or business ventures that otherwise would be missed.

About Bridge Direct
Bridge Direct was founded to help consumers looking for short-term bridging loans in London, Manchester and throughout the UK. Bridge Direct has a substantial lending capital of over £12 million and has more than 30 years of financial skills in mortgages and the financial sector.

Bridge Direct are direct lenders and no middlemen are involved, meaning you will be speaking to a decision maker any time you contact them. They accept 1st and 2nd charges and you may still be eligible for a loan even if you have a bad credit history.