What Do You Want To Know About Commercial Bridging Loans?
By Elizabeth Swann
Are you planning to buy some commercial properties? Do you need a short-term monetary assistance for that? Do not worry…you can apply for bridging loans. Yes, bridging loans are available for commercial purposes as well. With commercial bridging loans, borrowers can avail money for various commercial purposes.
Generally, borrowers apply for commercial bridging loans for buying commercial properties. These loans work as a financial bridge during property transactions. You may have planed to buy a new commercial property by selling the present one, but cannot sell your present property right at the moment; now you can cover your short term cash crunch with commercial bridging loans.
Do you have a bad credit score? Do not worry about that. You can apply for commercial bridging loans despite having a bad credit score. All sorts of bad credit cases are considered in this loan program. It includes CCJ, IVA, bankruptcy, defaults, arrears, late payment and so on.
Commercial bridging loans are mainly secured loans. Two types of bridging loans are available in the loan market. These are like, close bridge and open bridge. With these loans, a borrower can borrow the amount, ranging from £30,000- £10,000,000. These loans are available for a short period of time, varies from one month to two years. Fast approval is an additional advantage of these loans. In this loan option, you can avail the loan amount within 24 hours.
Normally, commercial bridging loans come with a higher interest rate, as these loans are provided for a short period of time. But if you make some research and compare various loan quotes, you will get a chance to avail these loans at an affordable rate.
The benefits of commercial bridging loans are truly unavoidable. Buying new offices, factory, machines or other necessary goods are possible with these loans. So, avail commercial business loans, give your business a new height.
About the Author
Elizabeth Swann is currently working as an expert author for Find Bridging Loans. For more details including commercial bridging loans, personal bridging loans, hard money bridge loans, real estate bridge loan, bridging loans visit http://www.findbridgingloans.co.uk
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