Example 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 high speed bridging loans can be used a temporary financial fix.

Example 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.

Example 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.

The examples just shown show the typical applications of high speed bridging loans, but the uses are as varied as the people who need the finance. The next stage is to get a quote to see if a bridging loan can help you or not. On the footer you can find links to a site which offers cheap bridging loans for all circumstances.

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. Many factors such as security offered and a customers risk profile can give a lower or higher rate. Interest rates vary depending on the security offered and your credit file. Many people don’t apply for high speed 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 customer with bad credit and missed payments.