With Lancashire Mortgage Corporation
Each week we bring you a step by step guide to setting up and completing a commercial loan
This week it's step 3:
Bridging the gap
In today’s commercial market things move quickly. Some clients need a cash injection to progress an opportunity immediately.
With the current restrictions on lending from traditional sources and the changes to future short-term lending regulations, it seems that bridging finance will play a more prominent role in the industry, particularly as alternative solutions to provide cash quickly become more important.
Bridging finance is no longer a last resort option; it is a flexible, viable solution to short-term liquidity issues. It also provides several repayment options to offer clients the time required to attain longer-term business objectives.
As the funding options continue to be limited and the industry expands its commercial finance portfolio to support clients in an uncertain market, bridging will become a key growth area.
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