Updated: 29th November 2020
Bridging loans are a type of short-term property-backed finance, typically used to support a business with their need for temporary funds. The aim is to ‘bridge’ the gap between a debt falling due and the main line of credit becoming available.
The term time for a bridging loan is between 1 month and 18 months, with the loan repayable in full at the end of the term. Because this is simpler than other form of loans, they can be completed very quickly. Unlike other forms of borrowing, the monthly interest is often rolled into the loan with no repayments to make during the term of the loan.
Real Business Rescue can offer the professional guidance you need when considering a bridging loan. We are able to advise on whether this is the right type of finance for your business, and help you understand the benefits offered in more detail.