Summary:- What is a Bridging Loan and where can I get one


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bridging loans.

Bridging loans are short term loans - typically 3 to 6 months.

Bridging loans are often used by purchasers of a property who need funds for a limited period of time, until they sell their existing property or till a property is brought up to mortgageable condition.

Another use of bridging loans is to cover short term cash flow problems.

Major banks and building societies can offer bridging loans, but consider all the risks before you opt for it.

For example, if you take on a bridging loan and you fail to sell your first property, can your business afford to shoulder the burden ?

It is time to consult your Business Plan and work out the details of the amount and duration of the bridging loan.


Before approaching anyone for a business loan, it is essential to make up a business plan in a format that can be easily read by the prospective source of funds.
It is important for the main facts to be brief but complete and supported by further documentation if required.
A business plan that resembles a short novel full of hype is not the way to attract backers.
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