Bridge finance is a short-term loan designed to provide immediate funding to individuals or businesses until they secure longer-term financing or resolve a cash flow issue usually between 6 months to 24 months

Bridge finance typically involves securing a loan against an asset, such as property. The funds can be used for various purposes, including property purchases, renovations, or business expenses, and are usually repaid within the term agreed upon.

Both individuals and businesses can apply for bridge finance. It is commonly used by property investors, developers, and businesses needing quick access to funds.

Interest rates for bridge finance can vary widely based on the lender, the amount borrowed, and the risk involved. Generally, rates range from 0.5% to 2% per month in addition to arrangement and broker fees and legal costs.

Bridge finance can be arranged quickly, often within a few days, depending on the lender and the complexity of the application.