Today: December 11, 2017, 6:59 am
  
Finance

Small Businesses Thrown a Lifeline by the UK Bridging Loans Industry

Alternative Financial Products for Small Businesses and Startups Discussed by Bridgingloans.co.uk

 

PR-Inside.com: 2016-12-07 16:29:09
Industry experts across the United Kingdom are throwing their support behind bridging loans, as convenient and accessible financial solutions for small businesses. For smaller businesses and new start-ups in particular, getting hold of fast, affordable and flexible cash in times of need can make the difference between a company that thrives and a firm that fails. In many instances, the conventional financial products and services of major lenders simply aren’t up to the job.


According to the team at Bridgingloans.co.uk, an affordable, accessible bridging loan has the potential to represent a genuine lifeline for any smaller business facing a temporary shortfall. So-called ‘higher-risk’ lending restrictions are seeing more applicants turned away by major banks and lenders than ever before. Where conventional financial products and solutions are unavailable or unsuitable, the answer may lie in an alternative, intelligent product.

Near-Instant Access

“The main advantage of bridging for all businesses is the speed on offer. While traditional mortgages and bank loans can take months to arrange, a bridging loan can be completed in days. When used appropriately, the ability to raise finance this quickly can be a major benefit, enabling a business to make the most of any impromptu opportunity. By allowing businesses to act at the right time, bridging loans can become a vital tool in ensuring their growth.” - Stephen Wasserman, director of West One Loans

As commercial rents and operating costs in general continue to spike like never before, new businesses are finding it increasingly difficult to get off the ground and stay afloat. Temporary financial shortfalls are largely inevitable in the small business world, which have a tendency to creep up unexpected and catch their respective operators off-guard.

In such instances, bridging loans can perform over and above conventional financial products in every way. The cash required is made available almost instantly, interest rates can be highly competitive and repayment terms/periods are much shorter and simpler. When it comes to bridging unexpected gaps, bridging loans live up to their name.

Intelligent Finance, Instant Quotations

“Funds raised from bridging finance can be used for pretty much any legal reason, provided it is agreed with the lender from the outset. A specialist bridging loan company such as bridgingloans.co.uk, have, due to the volume we process, special relationships with all of the key lenders and know the requirements needed to ensure a quick and smooth transaction. We also use our own funds for certain lending, which helps us to move even quicker if required. Processing time is however normally 3 - 5 working days.” - Bridgingloans.co.uk

A key player in the UK bridging loans industry, Bridgingloans.co.uk has spoken of how these intelligent financial products are already proving no less than life-saving for hundreds, perhaps thousands of smaller businesses across Britain. From the costs associated with setting up a business to initial operational costs to unexpected shortfalls of any kind, bridging loans have the potential to support businesses through their most challenging times.

According to the bridging loans industry, nothing matters more than supporting and nurturing new business for the sake of the British economy. Major lenders, by contrast, are continuing to tighten their own restriction and rules, making it more difficult than ever before for smaller businesses to get by.

About Bridgingloans.co.uk

Bridgingloans.co.uk is a leading UK finance broker & principle bridging loan funder with a unique commitment to transparency and customer service excellence. Bridging loans are offered on the back of comprehensive and digestible information to ensure rational and beneficial decision making across both domestic and professional circles alike. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life. Find out more at www.bridgingloans.co.uk/bridging-loan-calculator/.

Press Information
UK Property Finance
2 Nursery Court, Unit 2C. Kibworth Business Park. Harborough Road. Kibworth Harcourt. Leicestershire. LE80EX

Kirstie Davies
Marketing
01164027982
email
www.bridgingloans.co.uk


# 647 Words
Related Articles
 
More From Finance
CFCG Issues Convertible Bonds Worth Up to [..]
Broadens Capital Base & Accelerates Education Operation Business Development HONG KONG, Dec 5, 2017 - (ACN Newswire) - China First [..]
Kingsoft Announces 2017 Third Quarter Results
JX Online III Revamped Version to be Launched in December; Cloud Services Gains Robust Revenue Growth of 80% Y.O.Y HONG [..]
Lufax ranks Top 10 of 'The Fintech100', [..]
SHANGHAI, Nov 20, 2017 - (ACN Newswire) - From PEOPLE.cn -- KPMG International, the Big Four accounting firm, and H2 [..]
JWD InfoLogistics (SET:JWD) Posts Better-than-Expected Q3 [..]
BANGKOK, Nov 10, 2017 - (ACN Newswire) - JWD InfoLogistics PCL (SET:JWD), a leading total logistics solutions provider, announced [..]
VGI Global Media (SET:VGI) Posts Strong Q2 [..]
Strong performance underscores the success of combined OOH platforms and digital services. BANGKOK, Nov 2, 2017 - (ACN Newswire) - [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.