Brydg secures CBILS accreditation

Brydg has announced that it has been accredited as a new lender for the Coronavirus Business Interuption Loan Scheme (CBILS) by the British Business Bank.

The accreditation means Brydg can begin lending under the CBILS programme to businesses with immediate effect.

Under the scheme, Brydg will be able to support companies in the real estate industry with loans of between £250,000 and £5m.

According to the lender, Brydg’s real estate lending marketplace has already facilitated nearly £1bn in property-backed loans since inception.

Daniel Bendavid, director at Brydg, said: “At Brydg, we are uniquely positioned to fund deals at scale with our experienced team, long-standing broker relationships, and advanced technology which streamline the real estate financing process.

“We’re excited to be working with the British Business Bank to provide rapid relief and support to businesses in the UK in these challenging times.”

Brydg’s financing platform enables it to service the commercial real estate sector and to automate significant tasks in the financing process.

This allows the lender to provide a scalable solution to brokers and investors to complete deals more rapidly.

Leave a comment