Circumstance 1 – A company needs to purchase stock – If a companies liquidity is low and it doesn’t have enough to buy a bargain lot of stock then bank bridging loans can be used a temporary financial fix.

Circumstance 2 – Purchasing a property at auction – With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Circumstance 3 – Venture capital – Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.

Many people don’t apply for bank bridging loans because they expect to be rejected, or have already been turned down by their bank. You may be surprised though as we can accept applications from customers with CCJs.

One of the main concerns for people is the cost a typical case for an amount of £200000 for a 3 month period at 1% would cost you £6000. Obviously each case is assesses on it’s own merits and rates can be lower or higher.