BFS doubles lending in 2021

Bridging Finance Solutions (BFS) has revealed it has doubled its lending in 2021.

The short-term lender aims to further build on this figure this year, projecting an additional 20% growth in the coming months.

In order to facilitate this level of growth, BFS has increased its team to 20 permanent staff in its Wirral-based headquarters, and looks to make new appointments throughout the year.

Steve Barber, managing director at BFS (pictured above) said: “We have been quite staggered by the demand for safe and secure specialist lending during the past 12 months and have facilitated this through a carefully planned growth strategy. 

“As an independent, FCA-regulated business, we are agile and reactive, strengthening resources to meet this demand.

“We’ve experienced growth in both bridging and development loans; we are welcoming repeat business and new customers seeking support for regulated self-build development and residential development, refurbishments and conversions.

“We continue to consolidate our position within our niche area of the market which sits primarily in the sub £2m market and the North, and we are expanding geographically.   

“Delivering an exceptional service through personalised account managers and digital marketing remains our over-arching commitment and is the foundation on which all our growth is based.

“I believe that demand for specialist lending will continue as high street banks remain cautious as they continue to manage the impact of government led financial borrowing including the Coronavirus Business Interruption Loan Scheme and British Bank Loan Scheme. 

“Increasingly, specialist lending is being recognised as part of a proactive and viable solution by borrowers, brokers and professional advisors, and we are undoubtedly an important part of this movement.”

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