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Table of Contents
Welcome to Fast Forward Finance
As we strive to be a leading bridging broker for loans, we spend time to better appreciate your market plan and financing needs. Using our hard-earned market experience, we try to deliver the best bridging loan products possible.
Not only do we work with our tried and tested lenders, but we also have direct access to institutional and private investors who can fund projects outside the usual lending parameters.
A Trusted Capital Source for Over Xnumber of Businesses
Fast Forward Financing is known as a reliable intermediary when it comes to procuring funds to solve cash-flow problems. In recent years, we have engaged in many effective bridging loan transactions. We have provided an extensive variety of bridging lending products for a countless number of businesses in the UK. We offer significant experience in providing advice on the most productive channels for getting short-term bridge loans.
A Proven Track Record in Providing Bridging Loans
Fast Forward Finance has a proven track record in helping to solve the cash-flow problems of our customers. Our strategy blends industry and sector know-how with established bridging loan closure expertise. We have a network of long-term constructive ties with well-funded sources of funding and private decision-makers.
Whatever your commercial, personal or project funding needs, our attention to detail presents a significant advantage in securing customised bridging loans.
Our Bridging Finance Specialist Team
Our specialised financial consulting department, based in the United Kingdom, specialises in finding and securing the best available opportunities for bridging financing even for loan amounts in excess of £XXX.
Our deep expertise in property finance makes it easy for us to see things from the perspective of the borrower. This valuable perspective ensures that we can provide realistic support and guidance, enabling us to work every step of the way in the best interests of our customers.
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What is a Cash-flow Bridging Loan?
A cash-flow bridging loan is typically used during the slow season to cover a cash-flow problem, with peak season profits being used to handle the debt. Easy, scalable and safe, it offers borrowers the fast cash infusion they need, which they would not have been able to obtain elsewhere in a short time. A cash-flow loan can be a more suitable option in most situations.
Cash-flow bridging loans differ from working capital loans in that they are intended to help sustain the existing cash-flow of a company rather than improve it for future expenditures. For example, a company that wishes to invest in more facilities and take in additional clients will need a working capital loan, because they are looking to expand, and a company that has to make temporary maintenance on the properties will require cash-flow financing. This is where we come in.
Understanding Cash-flow vs. Asset-based Bridging Lending
Cash-flow bridging loans and asset-based lending are both perfect potential funding options for business owners in some situations where conventional loans are not feasible.
A cash-flow bridging loan is a fast-secured financing tool that can be used to address immediate cash-flow problems that are intended to last only for a limited period. Loans will be secured against an actual property purchased either by the company or directly by a trustee, helping you to obtain the funding you need even quicker than if you visited a high-street branch, thereby mitigating the effect on the company of short-term cash-flow problems.
The distinction between cash-flow loans and an asset-based loan is asset-based loans are typically targeted at businesses that can provide official security in form of commercial property, inventory, receivables, and so on. Cash-flow bridging loans, on the other hand, can be accessible by anyone with pressing cash-flowissues as long as they meet the lender’s criteria.
Features
- Access to funding without excess paperwork
- Financing is guaranteed as long as the borrower can show proof of a viable exit and repayment plan.
- Flexible repayment system.
- Loans terms can range from 12 to 24 months.
Benefits
Flexible: access to considerable resources to fund a specific event-led need.
Peace of Mind: No need to provide extra security through company stock, assets or receivables.
Support business events: Funds can be used to facilitate company expansion or seasonal volatility
What is a Cash-flow Bridging Loan Secured Against?
Cash-flow bridging loans are usually secured against property assets that a borrower may provide, whether residential, industrial or rental property.
Can you get an Unsecured Cash-flow Bridging Loan?
Our partner lenders are able to provide the amount of funding you need, in general, from 25K to about 300K on an unsecured loan, based on the track record of your company and your exit plan.
An unsecured loan is especially valuable for young firms that have not built up a portfolio of reserves yet. It is also ideal for fast-growing companies that require easy access to cash without the delay associated with lengthy paperwork and background checks.
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Borrow up to XXX with Fast Flexible Cash-flow Bridging Loans
Cash-flow bridging loans are highly flexible sources of funding that can be structured up to XXXX and for as long as XXX. Our loan products typically entail zero exit or early redemption fines so that you can easily pay off your debt should your exit plan activate early.
We are able to arrange loans for a broad variety of situations to help property developers and investors as well as provide emergency funding for other purposes.
With ample equity in your property security, clear means of repayment and a proven business track record, the chances of securing a cash-flow bridging loan are high, especially if a broker takes the application to the right lender.
Short-term Bridging Loans for your Cash-flow Finance Needs
Bridging financing is not strictly for investments related to properties, because it can also assist other businesses with their cash-flow issues. Taking out a first charge on your business assets allows you the opportunity to access funding very easily when it comes to improving your cash-flow.
By using bridging finance, your business will not have to undergo the stringent procedures typically associated with regular loans and mortgages. This is especially ideal for businesses that require funding for a short period only.
Why use Cash-flow Bridging Finance?
There are several reasons why it makes sense to consider a bridging loan. Bridging financing can be the ideal way to raise quick funds for your business, particularly when you need to raise capital to allow you to conclude a business deal, reach payment deadlines, or make new acquisitions.
A bridging loan can help prevent major additional costs resulting from payments overdue. It can also help you take advantage of a good business opportunity that would otherwise be missed.
Most new companies find it difficult to get funding from their banks because they have not grown enough to have a convincing balance sheet or because they deal in a high-risk market. Moreover, by the time a loan is accessed from the high street branch, in many cases, it is too late for the contract. With a cash-flow bridging loan option in place, all of these problems can be avoided. To find out how to raise the cash you need to solve cash-flow problems in your business or project, call PHONEXXX to speak to one of our experts today.
Who are Cash-flow Bridging Loans for?
Many small and medium-sized businesses that are in a precarious situation where they require some short-term cash-flow help and purchase stock, or for some other purpose, should make use of such a bridging loan.
When Should you use a Cash-flow Bridging Loan?
You should get a cash-flow bridging loan if you need to pump additional money for a brief amount of time into a company to help cover expenses. No company owner can plan perfectly for the future; no matter how well you know the competition or how carefully you plan, there is still an element of doubt in everything you do.
You never know whether the biggest client will go bankrupt, if the bank will call in a loan or whether the premises will be involved in an accident, and all of this will quickly put a thriving company in the red. Accessing a fast, versatile alternative such as cash-flow bridging financing will help you bounce back easily and get back to “business as usual” as quickly as possible.
How Cash-flow Bridging Loans can Help Your Business
- Get fast funding without the banks.
- Pay bills and clear overheads.
- Fix unexpected structural problems with a building.
- Cover late payment of customer credit.
- Renovate business premises.
What’s the Typical Interest Rate for a Cash-flow Bridging Loan?
Bridging loans have usually a higher rate of interest. Interest rates typically start at 1.5% a month, totalling 18% per year, depending on the lender.
Cash-flow Bridging Loan Calculator
Making use of a bridging loans calculator can be the ideal way to understand potential commitments before going forward with a bridging loan.
When applying for a bridging loan, our bridging loan calculator provides a clear idea of the projected rates and interest costs. This was planned to help illustrate all usual fees and charges along the way and thereby ensure no unexpected surprises.
However, note that the results of the calculator are simply for information purposes. To get the actual best rates and deals on cash-flow bridging loans, you will need to get in touch with us at Fast Forward Finance by phone or email.
What Kind of Fees are Involved in a Cash-flow Bridging Loan?
Arrangement fee: Generally, around 1% of the value of the loan, payable only if you proceed with the loan.
Valuation fees: Where there is no current valuation report for the property to be used as security, an RCIS evaluator will appraise the property on behalf of the lender. The valuation fee is usually the responsibility of the borrower, the cost of which depends on different factors.
Legal fees: including conveyancing fees and a solicitor’s fees.
Brokers fee: The lender may charge the borrower a broker fee which will be remitted to the brokerage service for connecting lender and borrower.
Exit fee: Some lenders may require an exit fee to cover the cost of terminating the loan term.
What are the Term Lengths for a Cash-flow Bridging Loan?
If you seek short-term finance, a cash-flow bridging loan offers an option to conventional loans and mortgages. Such loans usually have a 12-month term and do not require regular payments. Even though cash-flow bridging loans are short-term, it may be possible to get longer loan terms of between 18 to 24 months.
What’s the Eligibility Criteria for a Cash-flow Bridging Loan?
Bridging loan providers are much more flexible in their requirements, provided that there is sufficient equity in the property that the loan will be secured against and the borrower can show a viable exit and repayment plan.
Businesses looking to apply for a cash-flow bridging loan will have to be established in the UK, have operated for some years (most lenders require 3 years) and have a good plan in place to repay the debt as well as the requisite collateral security (where needed).
Can I Apply for a Cash-flow Bridging Loan if I am a Sole Trader or Partnership?
Bridging loans can be applied for by individuals and companies. Eligible for all forms of firms, including sole proprietors, partnerships, associations and limited corporations.
What Type of Security can I use when Applying for Cash-flow Bridging Finance?
Bridging lenders usually require security in the form of fixed property assets for cash-flow bridging finance. Loans can be secured on the value of one property or multiple properties.
In the event that the debt is not repaid as negotiated, the loan provider and borrower will enter into an arrangement whereby the lender assumes ownership of the property.
Advantages and Disadvantages of a Cash-flow Bridging Loan
Bridging loans provide many benefits relative to other forms of financing. Where funding is needed only for a short period of time, they often provide the quickest option to raise the funds necessary.
However, these loans can incur a significantly higher interest rate relative to other financing solutions, so it is vital you understand the terms of a bridging loan before going forward with one.
Failure to keep up with your repayments, like all sources of financing, would put your security at risk.
If you are uncertain whether a cash-flow bridging loan is the right solution for you, or if you need an expert to throw more light on this type of business funding, call Fast Forward Finance on PHONEXXX for expert advice.
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What can you use a Cash-flow Bridging Loan for?
Cash-flow bridging finance can help you to:
- Pay invoices.
- Clear overheads.
- Purchase stock.
- Cover late payments.
- Renovate premises.
- Finance unexpected tax bills.
Why Choose Fast Forward Finance for a Cash-flow Bridging Loan?
Unsecured Loans Available
We make unsecured loans available where you are not expected to guarantee anything valuable such as your property that can be sold if you don’t meet your payments. Unsecured loans are, however, difficult to come by, therefore you should expect to pay higher rates.
No Early Repayment Fees
At Fast Forward Finance, we work with partner lenders who don’t charge early repayment fees. So, if you can raise the repayment faster than you planned, we won’t punish you for paying off your debt before the end of the debt period.
Flexible or Fixed-term Payments
The bridging loans that we help arrange can carry flexible or fixed terms of payment, based on the loan agreements. You can choose to start paying off the loan anytime you want as long as it is within the loan terms length.
Fast Funding
Speed is key in cases of cash-flow bridging finance and you can rely on our team of experts to deliver a first-class service to you. Not just that, our expert teams operate side by side and are therefore well-positioned to arrange deals and provide advice that are critical to the success of cash-flow bridging financing.
Fair Decisions
All our partner lenders are known for making fair and impartial decisions on all loan applications. As long as you have a clear exit strategy and can meet the criteria of the lender, you can expect a decision in very little time.
We’re Easy to Work With
We understand that meeting cash-flow needs can be overwhelming. That’s why we’re making working with us easy. Over at Fast Forward Finance, the expert bridging loan department is here to support you on your journey and lead you in the right way in terms of getting your company a cash-flow bridging loan.
Stellar Customer Service
We’re here to help you and aim to provide great customer service in every way we can. Even if you have been turned down for a regular loan by your bank or another loan provider, don’t hesitate to talk to us as we may be able to pull the right strings to get you the funds you need. We always strive to make sure our customers are satisfied.
Transparency Every Step of the Way
At Fast Forward Finance, we understand that the finance industry is built on trust and transparency, and that is what we also aim for. We make sure that everyone is clear from the very beginning what the loan terms are so that there are no unpleasant surprises in the future. Transparency is our middle name.
Following the FCA Rules
Fast Forward Finance is a fully independent FCA regulated organisation, committed to quality, transparency and comprehensively objective advice.
Dedicated Account Executives
At Fast Forward Finance, every client is given a dedicated account executive whose job it is to make sure the client’s experience is as seamless as possible.
Whether you need answers to questions, want to make a complaint or simply want to track the status of your loan, you can count on someone always being on hand to attend to you.
Want to check your eligibility before you apply for a Development Bridging Loan?
Some of the Sectors we lend to:
- Retail businesses
- Bars and restaurants
- Hotels and BnBs
- Hair and beauty salons
- Dentists and opticians
- Vets
- Auto Garages and MOT centres
How does the Application Process for a Cash-flow Bridging Loan Work?
Step 1: Start by filling in our form with your name, contact e-mail address, number, and some information about your project.
Step 2: After we have a clear understanding of what the bridging loan is for, and are sure that you have a realistic plan to repay the loan, our lawyer will contact brokers who are likely to support your loan application.
Step 3: Our lending partners will provide you with some loan information showing how much you can borrow and what the interest rates will be. If you’re pleased with this you should fill in a quick form to continue.
Step 4: If everything passes muster, including meeting the lender’s criteria, you will be given a decision in principle from one of our partner lenders which confirms your loan offer.
Step 5: To get an exact value of the property, an official appraisal is normally carried out on the property in question as a RICS valuer. A valuation, depending on the size of the property, costs a few hundred pounds and can be available in a few days.
Step 6: Once all the checks and valuation have been completed and your loan application approved, the lender will move the funds to your bank account. The money normally enters your account within an hour to 24 hours of approval.
How to Apply Online for one of our Short-term Bridging Loans
Visit our application page and fill in your details in the contact form provided which includes your contact details, the loan amount and some more information about your project.
We will pass on this information to our panel of bridging lenders and all other things being equal, you should receive a decision in principle within 24 hours.
Simple Qualifications
Bridging lenders are not concerned about income, reliability and credit history when you apply for cash-flow bridging loans.
Nevertheless, they want to know the value of the property provided as security and the exit route. Once all these stacks up, you stand a good chance of getting the funds you need.
Easy Application Requirements
The criteria for applying for cash-flow bridging loans include a property appraisal report, proof of identity, proof of exit strategy, business plan, proof of revenue, etc.
Super-fast Approvals
Our staff works with a large network of lending agencies to easily and efficiently push the application for a bridging loan through the process. Funds can often be accessed within 48 hours of acceptance once all the criteria are met.
Want to Check your Eligibility Before you Apply for a Short-term Bridging Loan
You can use this platform to check your eligibility for a cash-flow bridging loan before making an application. If the platform says you are not eligible, you can still get in touch with us to see whether we can work something out.
Contact us today and one of our specialist brokers will assist you through the process and locate the right loan product for your circumstances.
