Bridging Loan
When you need short term financing, then a Bridging Loan may be the answer
Key features
- A short-term finance solution for a specific purpose when you need it – letting you close a deal without needing to wait until another transaction takes place.
- It may assist with the construction or renovation of a commercial property when you need to make staged payments as the work progresses.
- Usually over a term of 12 months, but longer terms may be possible.
- No minimum or maximum loan amount.
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Details
- Repayment is normally made in one lump sum, at or before the end of the agreed term. The repayment may be made from, for example, the proceeds of the sale of property or other assets, a maturing investment, or refinancing by approved 3rd party borrowing.
- Interest is calculated daily and applied monthly.
- Our arrangement fee is negotiable.
- If you do not already hold a Danske Business Current Account, a Servicing Account will be required.
Important information
Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply.
You may need to provide security.
The rate and term at which we lend will reflect our assessment of the circumstances of your business, the chosen loan amount and the loan purpose. Written quotations are available on request.
