Bridging loans are a great way to secure fast funding, especially if you need to move quickly to make a purchase at auction. Commercial mortgages can also be a more cost-effective alternative to taking out a commercial lease. When you own your business premises, you can generate further income by renting out office space or parking, and you’ll benefit from any increase in the property’s value.
The monthly payments can be cheaper than paying rent on a commercial lease and when it’s time for your business to move on, it can also be easier to sell the premises than it is to exit a long-term lease.
You can also refinance any existing mortgages to get a better rate or to release equity and inject cash into your business.