Welcome to Business Loans

"Deal With The Decision Makers, Call 0871 200 4427"

Whether you are buying a business, raising money to pay off debts, raising money to pay off a partner, looking for a cheaper interest rate or wishing to expand your business Lerwick can offer a business loan, business finance, commercial mortgages and business loans to suit your individual requirements.

The team at Lerwick offer immediate decisions in principle, on all business loans, whatever your business, whatever your status, whatever your security our aim is always to say yes.

A commercial loan is available for businesses from all market sectors including manufacturing, retail, leisure, farming, land, development, professional practices and services; you can apply for your commercial loan online by completing our initial enquiry form. We offer close personal interest in your business and our very flexible approach to every proposal will ensure you get the correct business loan or commercial mortgage you apply for.

Whether you are a start up with no history, a well established company looking for money to expand, cheaper interest rates or even a business with a poor credit history it is our job to find that business finance loan or small business loans.

Immediate decision in princaple for you bridging loan / business finance / commercial mortgage.

What Is A Bridging Loan?

Bridging Loans are normally taken out by the borrower for a short term, usually to purchase pa property, or land to build on. However there are many other reasons why someone would borrow money using a bridging loan, including debt consolidation, to purchase a property at auction or even to reinvest into your property or maybe even to help out with your business funds. Bridging finance loans are usually repair within 6 to 12 months, but are usually taken out for just 1 or 2 months as a short term lending solution.

How Quickly Can I Get A Decision On A Bridging Loan?

The biggest benefit to a bridging loan is the fact that it is form of quick borrowing, and therefore you are usually able to get a bridging finance decision very quickly indeed. Sometimes you will get an answer on the same day as you apply for your bridging loan.

More Information On Bridging Finance

A bridging loan is a loan that is secured on a property or asset that can be taken out by an individual or by a business over a short term basis. Bridging loans are usually secured as a first charge on a property or land so that the lender can be sure that their money is safe, and that they have a means of being able to retrieve the money that has been lent in the worst case. However bridging finance is also lent out as a second charge in some instances too, also secured against a property or land or another valued asset to the borrower. Most bridging loans are offered over terms between 1 day to 1 year, and can be paid in full or renewed at any time throughout the contract period.

There are two main types of bridging finance.

Closed Bridging Loans

An open bridging loan is where there is a guaranteed date that the bridging finance will be paid off by, also known as ¡°the exit date¡±.

Open Bridging Loans

An open bridging loan is where there is no guaranteed repayment vehicle to clear the debt at a certain time, or point.

Because closed bridging loans are a lower risk to lenders, it will normally be easier to gain bridging finance through a bridging loan lender if you have a full repayment vehicle already in place and you are then able to opt for the closed bridging finance option.

For more information on Bridging loans, or Bridging finance, contact us on 0871 200 4427 today!

Bridging Loans | Bridging Loan | Bridging Finance

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