Common queries regarding short term business funding packages.
Defaulting on the interest repayments or failing to clear the full
amount within the 12 month time frame could lead to the property you
used as security being repossessed. This is a final resorts as we do
not want to repossess properties.
If you do take out funding and feel, maybe one month you could struggle
to make the interest payment, do not hesitate to contact us to see if
there can be a solution organised.
There is also the possibility of refinancing should you be nearing the
end of the term and struggling to clear the whole amount.
It's always best to talk to us directly if you hit financial problems when still in agreement.
Funding for all
As a principal lender we offer our own unique form of lending, but we can also crowd source finance and work with other lenders too.
What we accept as security.
Any property in the UK can be used as security. However, there needs to at least 35% of the mortgage/outstanding secured loans paid off on our bridging loans.
We also accept land with or without planning peermission. If the land hasn't got planning permission and you are intending to build a development on it, we suggest getting planning consent before asking for financing.
The best rates on all borrowing formats
Business bridging loans.
Based solely on equity, even those with a less than perfect credit history can bridge that gap with us.
Don't miss out on a property bargain eith an almost instant decision on funding.
Use a Director of your company as a guarantor to get high value financing sorted quick time.
Not a loan, a credit facility that you only pay interest on what you actually use and not the full amount.
Medium term second charge loans.
Works slighly diffferent than bridging finance. On our 2nd charge financing minimum loan value is £10,000 and a minimum of only 5% equity is needed. It can also be a more medium term option too.
Unsecured person guaranteed loan.
We also offer a more flexible medium term unsecured option for businesses. This will need to be guaranteed by a credit worthy company director or secretary. Contact us for more information.
Crowd sourced funding options.
To increase the chances of acceptance for those with a less than perfect credit or borrowing history, we also offer crowd sourcing bridging loans whereby multiple lenders are used for borrowing.
Revolving credit facilities.
This is a brand new form of financing in the UK designed for ease of use. CCJ or IVA cannot apply for this whoever, if the CCJ's are satisfied then we can set it up. We are the only mainstream lender offering this.