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        • What type of funding options are you looking for?

        • Recovery Loan Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?

        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
        • What type of funding options are you looking for?

        • Recovery Loan Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?

        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
4.9/5 based on 100+ by happy customers

Apply For a UK Bridging Loan To Help You
Grow Purchase Stock Employ Staff Expand Pay Suppliers

Bridging loans can help you ‘bridge the gap’ between an immediate cash requirement and a future influx of cash.

6.90%

Interest rates per annum

£100,000 +

Terms from 1 month – 6 years

UK Based

No early settlement fees

£5k - £500k

Funding requirement

Our lending partners

About Bridging Loan

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Fast, flexible bridging finance with Aurora Capital

Need a reliable bridging loan comparison? As leading business finance experts, we’re well-placed to provide the most appropriate bridging finance quotes for your project. With access to a large pool of quality lenders, Aurora Capital can help you borrow the ideal loan amount with the best interest rates on the market.

 

Our bridging loan specialists are here to provide all the support you need. Get fast, bridging loan rates from us today and see your business grow.

 

Whether you need a bridging loan to cover the gap between purchasing a property at auction and getting a mortgage, or if you need one to make an essential business purchase quickly before you’re able to secure an alternative type of credit, we can put you in contact with your ideal lender. Most applications take just minutes to complete and decisions can be made within hours, making us one of the fastest and most flexible bridge loan brokers.

What is a bridging loan?

A bridging loan, also known as a bridge loan or bridge finance, is a type of short-term business loan that is designed to provide fast finance to complete a purchase or business expense. This is where the name ‘bridge loan’ comes from, as it essentially bridges the gap between your immediate need and your available credit.

 

The loan is secured against residential or commercial property. If you want to buy a new property, that will be used as collateral until the loan is paid back. If you buy new assets, the assets will be used as collateral. If you’re using the money for offsetting other types of finance or for cash flow reasons, you will need to secure it against property and/or assets you already own. This provides more security to the lender, makes it easier for you to obtain finance if you don’t have the best credit score, and means that if you default on payments, the lender has something to redeem their money from.

 

In essence, bridge loans are high-value, short-term lending solutions. Borrowers should note, though, that bridging loans have a higher interest rate than a typical mortgage product Lenders will provide credit in the form of a bridging loan only if you have what’s known as an exit strategy, which is a structured plan of how you’re going to secure additional credit to pay off your bridging loan at the end of the term.

Key features of bridging loans

  • Suitability: All types of businesses that have either a commercial or residential property to secure on.
  • Purpose: Bridging loans can have a number of purposes, but are more commonly used for light property refurbishments.
  • Amount: Bridging finance loans range from £25k – £15m. We can usually lend up to 75% LTV.
  • Term: Up to 24 months. This will depend on the equity left in the property and how much you need on day 1.
  • Cost: Interest rates from 0.55% per month.
  • Security: Security can be taken as either a 1st, 2nd or equitable charge of a residential or commercial property depending on your circumstances.
  • Speed: Decisions can be made within 24 hours.

Get your free, no
obligation quote Today!

How much do you want to borrow?

£10k
£ 50000
£500k
Prefer to talk? Call us on 020 3355 7462

Securing business funding:
How it works

Aurora Tell us more about yourself

1

Apply Online in minutes

We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.

2

Get Matched in hours

Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.

Aurora | Get Matched In Hours
Aurora | Get Funded In Days

3

Get Funded in days

One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.

Business Loan Calculator

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For illustration purposes only. Our experts will calculate the rate you may be offered based on your individual circumstances. This is not an offer or quote for your business.

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funding options to find out more

We understand that timing is key when you’re looking to find funding options for your business, so our process is as quick and as streamlined as possible.

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bridging loans: FAQs

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You can borrow between £25k and £15 million with bridging loans, depending on your secured assets, your credit history, and your immediate business needs.

How much you will be charged for a bridging loan depends on a number of things, from your credit score and current interest rates to the value of what you have secured against. All costs (such as the arrangement fees and interest) are deducted from your loan when you receive your money. They can also be added, depending on your preference. These fees typically include:

  • An arrangement fee of 2%
  • Interest from 0.55% per month to 1.5% per month

In order to be able to apply for a bridging loan, you need to meet the following criteria:

 

  • Be a limited company
  • Use the loan for business purposes, not personal
  • Have a robust exit strategy

 

Different lenders will have different criteria, but as a starting point, this is what most lenders will expect.

An exit strategy is a plan you make that outlines, in detail, how you’re going to pay the bridging loan off. Common exit strategies include:

 

  • A mortgage
  • A secured loan
  • Selling a property

 

At Aurora Capital, we can help you define an exit strategy that is realistic and watertight.

There are a number of benefits to bridging loans that make them a go-to choice for a range of businesses. Firstly, they are high-value loans, which means you can make big purchases, including the value of commercial property, with them. If you need a lot of money lending, bridge finance can stretch to it.

 

Another benefit is the fact that they are so versatile and flexible. Unlike other types of secured loans, you are able to use a bridge loan for almost any business need. Keep in mind, though, that if you’re having cash flow problems, other types of finance might be better suited, particularly if you don’t need to borrow a large amount of money.

 

The fast turnaround of bridging loans makes them particularly attractive for businesses that need money in a pinch, e.g., if they’re looking to buy property at auction. The money can be in your account in days.

Finally, being a type of secured loan means that bridging finance is often easier to get approval for as it’s less risky for the lender. This is of special interest to businesses that don’t have an extensive credit history or that don’t have the best credit score overall.

This depends on the deal and the safety of the planned exit route. If there is an exit or early redemption charge, the typical amount would be one month’s interest payment or 1% of the loan. The minimum is zero.

Below is a list of the security we lend against with bridging finance at Aurora Capital:

  • Residential property
  • Residential developments
  • Commercial property
  • Commercial developments
  • Mixed-use property schemes
  • Offices
  • Retail
  • Land, farms and agricultural
  • Investment property – residential and commercial
  • Auction

Each lender will have its own collections process in place if you default on payments. In a worst case scenario, the property or assets the loan is secured against may be seized.

Yes. Many people seek a bridging loan due to having gone over term on their financial commitments, and as a result have adverse credit. A bridging loan can be a good tool to help alleviate this financial pressure and allow clients the time and flexibility to return to a stable footing again and improve their credit.

You can opt to service the interest monthly or you can pay the interest back at the end of the loan.

 

The interest rate is a fixed figure displayed monthly. The interest does not compound. The interest does not fluctuate and it is not variable.

Prefer to talk? Call us on 020 3355 7462
4.9/5 based on 100+ by happy customers