Things You Should Consider Before Applying For A Bridge Loan In The UK

Before you apply for a bridge loan or any other type of business finance from any easy finance hub, it’s worth considering how much of your own money you should invest in your new business. The answer may depend on how much risk you are willing to take, and how secure your finances are. 

UK bridge loans typically have higher interest rates than other types of loans, so it is important to factor that into your decision. If you decide that borrowing from friends and family is not an option for you, there are still several ways to raise capital without using your savings. 


For example, crowdfunding sites like Kickstarter allow small businesses to raise money by offering products or services as rewards for investors. There are also grant schemes available from government bodies such as Innovate UK which can provide funding for research and development projects if they meet certain criteria (for example if they have commercial potential). 


In addition, many banks offer different types of financing including overdrafts and business loans.

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