Bridging Finance (NW)

Short term lender Bridging Finance (NW) Ltd has arranged more than £40 million of bridging and development loans across the north west and north Wales since it was established in 2005.

The Wirral-based company has now launched a £20 million fund to help the region's growth-hungry SMEs, entrepreneurs and property professionals beat the credit crunch.

The Short Term Business Finance Fund offers loans of between £30,000 and £500,000 typically for up to six months, secured against commercial and residential property.

Bridging finance is traditionally associated with the property sector but is becoming increasingly popular in the wider market as one of the quickest and simplest ways of drawing down capital for a variety of purposes.

Typical uses include: purchasing properties at auction, property refurbishment, acquiring distressed sale assets, funding management buyouts and acquisitions, raising capital for cash flow injections, tax liabilities and stock purchases.