Shawbrook Bank provide a range of financial services to both the commercial and residential sectors, with products covering many different areas.
Shawbrook Bank is a longstanding provider of financial products to customers in both the commercial and residential sectors and offers everything from personal loans to business finance. Their business finance loans can be applied to many different areas of expertise, including taxi, marine, aviation, agriculture, pharmacy and medical finance. These specialised sectors often lack a dedicated lender who can provide financial products that truly meet their requirements and the finance options that Shawbrook Bank provide go a long way towards sustaining businesses in these sectors.
Another area in which Shawbrook operates is in structured finance for SMEs. A reliable source of finance is an invaluable tool for businesses which need to expand beyond the constraints of their cash flow, and Shawbrook Bank can provide businesses with the ability to empower themselves for fast, sustainable expansion.
In addition to cash flow finance and specialist funding, Shawbrook Bank also provides a wide range of mortgage products, both for first and second charges. These are offered for commercial and residential use, with flexible rates on offer to meet the needs of each customer. These products benefit from the proven track record and high level of trust that Shawbrook Bank has built up over the past 70 years of trading.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.
Yes. Absolutely. They can be very useful in both the above instances and to solve a variety of other problems.