Benefits of Taking Out a Small Bridging Loan
Sometimes you need a quick fix of cash to help get a project moving forward, to pay off some bills and consolidate your debts or for a variety of other reasons. There are a few benefits to taking out a small bridging loan.
A Fast Process – When compared to a mortgage or remortgage process, a bridging loan can be much quicker, with a smooth application process taking place in days in some cases. This can be vital depending on the reasons behind the bridging loan.
Flexible Repayment Options – A bridging loan can usually be paid back in repayment terms that suit you, as long as it doesn’t go over a 12-month period. There is also the choice of whether to draw on the loan in stages during an agreed period of time.
Secure Exit – As most bridging loans are taken out with a view to being able to pay off the loan in full due to the sale of a property or refinancing, it makes it an attractive and flexible proposition. This secure way of exiting a loan is much safer than other options.
First4Commercials understands how to help you get to where you need to be, with small bridging loans available for a variety of personal and commercial interests. If you’d like to speak to a member of our team call us today and we’ll be happy to talk through your specific requirements and put together some advice to suit you. We look forward to hearing from you.