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Bridging Finance
A bridging finance facility is a short term solution for SMEs wishing to grow their business in a secure manner and is provided by a financier with which they already have a relationship.
What is Bridging Finance?
A bridging finance facility from Cattles Invoice Finance is the perfect short-term funding solution to help you grow your business. Available to new or existing clients with an invoice finance facility, bridging finance can be used to help resolve a temporary cash flow problem or meet tight deadlines. It’s ideal for clients looking to purchase new premises, release equity or even raise funds to inject into their business.
How does it work?
Bridging finance gives businesses access to funds of £75,000 or more and is secured against commercial or residential property. By advancing up to 80% of the property value, funds can be secured against property of most types and facilities are available for up to 12 months.
We aim to provide you with an ‘in principle’ decision inside 24 hours and with a number of payment options available it provides you with the flexibility to plan your business’ future.
Lending criteria:
• Offered in conjunction with invoice finance funding
• Property must be based in the UK
• First, second and third legal charge security
• Most types of property can be used as security
• Loan term of up to 12 months
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