Market-leading ratesDirect lenderAll scenarios coveredFast approval and completionInstant quotationsOpen 7 days until 95* reviewsFor most SMEs operating in the UK, business loans are the lifeblood that enables them to operate. In the absence of an affordable business loan, thousands of successful start-ups would have failed to get things started in the first place.
At UK Bridging Loans, we specialise in all types of business finance, such as secured business loans and small business bridging loans, for ambitious entrepreneurs and innovative enterprises. Whether you are a start-up business or looking for affordable commercial finance to take your business to the next level, we will do whatever it takes to find you an unbeatable deal. Call anytime to discuss your requirements in more detail or to get your commercial loan application underway.
Unlike some, we understand that time is a critical factor when organising small business loans. Throughout every stage of the application process, our experienced team will provide the support you need to access affordable business funding the moment you need it.
Our extensive range of commercial and financial solutions for new and established businesses includes the following:
For more information or to discuss the benefits of our commercial finance solutions in more detail, book your obligation-free consultation with UK Bridging Loans today.
Issues like poor credit, a history of bankruptcy, or prior insolvency have traditionally prevented entrepreneurs from accessing competitive business loans.
At UK Bridging Loans, we work with an extensive network of specialist lenders who consider each case by way of its individual merit, and we aim to deliver the bridging finance needed quickly.
Use our exclusive online business loan calculator for an initial overview, which will help you assess affordability and your preferred repayment plan. After which, UK Bridging Loans will conduct a whole-market search on your behalf, pairing your requirements with an affordable business loan from a trusted and reputable lender.
Call today for more information, or email us anytime detailing your requirements and we will get back to you as soon as possible.
Clients approach UK Bridging Loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.
An immediate yes or no answer is given, and if suitable, a quotation is formulated and forwarded to the client, usually by email.
A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.
Each client is visited at the security address for the signature of the remaining loan paperwork, including a CH1 land registry charging order. We will also collect any additional pre-requested documentation.
The signed documentation was immediately sent to our underwriters. Our model is based on very quick completions, as each deal is funded using all of our own money. On rare occasions, we may request additional information.
Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge will be removed once the bridging loan is repaid.
The applicant could be too old to obtain a standard high-street mortgage, as most mortgage lenders now prevent borrowing beyond what is deemed “normal retirement age”.
The property may be in a condition where it is not suitable for mortgage financing, and as such, a bridging loan could be used to complete the purchase and any required work prior to refinancing.
The applicant may have had some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.
The applicant may have difficulty proving the income requirements needed for more regular financing. This may be due to poor self-employment records, a break from work, a reduction in self-employed workloads, or overtime.
Superfast completion, often within days
Land, with or without planning 2nd charge (consent is not always required) Quick auction finance 3rd charge (consent is not always required) Adverse credit is considered 2nd charge behind the bridging lender 2nd charge behind the equity release lender Up to age 85 Pure equity-based lending Residential and commercial Valuations are not always required Loans from £25,500 A free legal option No monthly paymentsWhat is a secured business loan?
A secured business loan is a type of financing that uses a business asset, such
as property, equipment, or inventory, as collateral. This means that the lender
has the right to take possession of the asset if you fail to repay the loan.
Secured business loans typically offer lower interest rates and more favourable
terms than unsecured loans, as lenders have a lower risk of losing money if
you default.
Are secured loans hard to get?
Secured business loans can be easier to obtain than unsecured loans, as lenders
have the security of the asset to protect their investment. However, they will
still assess your business's financial health and repayment ability before approving
a loan. You will need to have a good credit score, a solid business plan, and
a proven track record of profitability.
How do I qualify for a secured business loan?
To qualify for a secured business loan, you will typically need to meet the
following criteria:
How does a secured loan work?
In a secured business loan, the lender will assess your business's financial
health, creditworthiness, and the value of the asset you are offering as collateral.
If they approve the loan, they will secure the loan against the asset, meaning
that they have the right to seize the asset if you fail to make your payments.
You will then receive the loan amount, which you can use to finance your business
needs.
Is it a good idea to get a secured business loan?
Whether or not a secured business loan is a good idea for your business depends
on your specific circumstances. If you have a strong credit score, valuable
assets, and a well-defined business plan, then a secured loan can be a good
way to access financing at a lower interest rate and more favourable terms.
However, if you have a weak credit score or a history of financial difficulties,
then you may have difficulty securing a secured loan.
Does a secured loan hurt your credit?
Taking out a secured business loan can have some impact on your credit score,
as it will result in an application inquiry and a new account being opened.
However, the impact on your credit score is typically less severe than with
an unsecured loan, as the lender has the security of the asset to protect their
investment.
Do banks prefer secured loans?
Yes, banks typically prefer secured business loans as they offer a lower risk
of default. This is because the lender has an asset to seize if the borrower
fails to repay the loan. As a result, secured loans often have lower interest
rates and more favourable terms than unsecured loans.
We offer a quick turnaround with fast bridging loans, and in some cases, we will approve and get you the finances you need in 24 hours.
Funding is provided for all manner of development needs, from light to heavy refurbishment or a complete development build.
A bridging loan can be a good way to stop yourself from falling into bankruptcy, giving you an urgent cash injection when needed.
Consolidate your debts into one monthly payment by using a bridging loan to bring your finances back into shape.
An unexpected tax bill could create a real strain on finances. Use bridging loans to pay your taxes.
A bridging loan can be used to take your mortgage out of arrears and stop the home from being repossessed in the process.
Our quick and easy bridging loan calculator can be used to easily identify repayments on a bridging loan with just a few clicks.
Bridging loans have risen to the forefront over the last 15 years, offering a dynamic solution to expedite buying a house.
Small Business loans come in a variety of formats and are tailored to specific sorts of enterprises and their needs. Contact us for help.
Business Address: Office Block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX
Telephone: 0116 366 6338
Email: contact@ukbridgingloans.uk
