Bridge Direct 0
Bridge loans can also be referred to as gap financing or swing loans. As the name suggests a loan like this can be used to fill a ‘gap’ in our finances until a longer term funding source can be found. This commonly happens when purchasing a new property where the borrower doesn’t want to sell an existing property or the property is stuck in a chain.
Whilst normally associated with property sales, gap financing or swing loans can be used for any business application, meaning that no matter the application short-term financing can be available to pull you out of any situation.
The duration of bridge loans are generally between 6 – 12 months, as opposed to the general 25 – 30 years you would be offered from a mortgage. However, bridge loans can offer a business many more advantages when compared to a traditional bank loan or mortgage.
Many businesses and entrepreneurs will use bridge loans or gap financing when they are looking for an instant financial solution to their situation. Whether they need the fund to purchase a new buy-to-let property, fund a new project or even pay a large tax bill, by using a short-term bridge loan they can quickly free up the capital they need to get the situation resolved.
By utilizing bridge loans businesses can concentrate on the day to day running of their business knowing that the funding there whenever needed.
Bridge direct can offer any type of bridge loan for any type of situation. The team at Bridge Direct are lenders, and not brokers, meaning that you will be speaking with bad credit specialists and no middle men are involved.
By completing their easy to use online application form, the team at Bridge Direct will be able to call you back with an instant decision, at your convenience.
Above: picture of the Bridge Direct instant application form
In order to get an instant decision just follow the following steps;
Once completed, just select calculate, and you will be asked for your contact details along with a callback time. Bridge Direct will then call you back with an instant decision to your bridge loan application.
Below are just a few of the advantages of the bridge loans, which can help take your business into the next level;
Bridge loans (or swing loans) act as bridge between situations where funding isn’t available. Bridge Direct have over 30 years of experience in bridging finance and can offer instant finance for any type of situation.
The biggest advantage of a bridge loan is that the funds can be released instantly from the secured property. As direct lenders, and not brokers, Bridge Direct will give you an instant decision on all bridge loan requests will find the best possible deal for your situation.
No Credit Checks required:
When applying for a bridge loan with Bridge Direct, no credit checks are required, 1st and 2nd charges are accepted and bad or adverse credit is considered. This means no matter your situation, Bridge Direct may have a bridge loan solution for you.
You can reach the team at Bridge Direct for your bridge loan applications by calling the team directly on 020 3126 4969.
So remember, no matter your situation, Bridge Direct may have a bridge loan solution for you.