Call us: 03330 113622

Blog home
Categories
Popular Posts
Recent Posts
Archive

• 08 Jun

  Bridging Loan Price Updated Cost From One Of Our Panel Of Lenders

  Our panel of finance companies advise us of their price for bridging loans regularly but the pricing is going to be unique to your company. Therefore, the best option is to get a no-obligation quote for your company.

  GET A QUOTE NOW

  Company Bridging Loan Price

  The bridging loan price for a company is normally quoted as a percentage per month, with rolled up interest, with a set bullet payment at the end of the term of the loan.

  Bridging loans can be used to purchase commercial property in situations where rapidly agreed funding is necessary to make a purchase. Often, a mortgage application may be in process, which will be used to repay the bridging finance.

  The loan's value can be between £25,000 and £20 million, with a term of up to 12 months.

  Limited companies, even start-ups can be eligible for this kind of finance, and even adverse credit history will be considered by some providers.

  Rolled Up Interest

  Rolled-up interest means that you do not pay the interest as it accrues, until you repay the principal value of the loan, at the end of the term. This means that you have no monthly repayments to make during the period of the loan. The interest is added to the loan's principal sum, which is repaid in full at the end of the term.

  It does mean that the interest payments will also increase the principal sum due, hence future interest will be charged on the overall amount, although the nature of this bridging finance is that is only used for very short periods.

  Bullet Payment

  The bullet payment at the end of the term means a lump sum repayment of the full value of the loan (including the interest that has accrued) which is due at maturity of the loan.

  More Details

  If you would like more details please contact Sean on 03330 113622 or use our enquiry form for more details about business bridging loans.

  ---

  See our comprehensive Guide To Bridging Loans.

  More information about business loans.

  By Glenn Blackman