How a Bridging Loan Helped Save a Business

Thumb UpHave you ever wondered how a Bridging Loan can help a business? Last week we demonstrated exactly how such a finance facility can be used by helping a business secure its future.

BLS’ Sue Lewis was approached by an Accountant asking if she could help his client. The business was faced with an uncertain future when the owners found out that the premises they had rented, and successfully traded from for many years, was due to be sold at auction within a few weeks.

Not liking the idea of having an unknown landlord, and not having time to dispose of another property to raise cash, they needed quick access to finance to purchase the premises before it was listed for auction.

Sue swiftly secured a short-term bridging loan and agreed with the auctioneer that the property, subject to a quick completion, would be withdrawn from the auction catalogue.

With a tight deadline, the client was pleased that with the Bridging Loan in place, they could complete the purchase of the property and secure the future of their business.

They now have time to proceed with the sale of a surplus property, the proceeds of which will be used to repay the Bridging Loan.

This is a great example of how a Bridging Loan can be used to benefit a successful business.

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  • Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.

    Angela Holloman-Coombes | Connective HR
  • Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.

    Shayne Yates | Welsh Government Regional Centre Service Mid Wales
  • Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.

    Gaz Jabeen | Bollywood Burn Out
  • I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.

    Max Cooper of Manchester
  • Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!

    Kay Hyde | Hyde & Hyde Architects

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