FAQs
Frequently asked questions
Straight answers to the questions business owners ask us most.
Are you a lender?
No. Bridgemead Finance is a credit broker. We help businesses find suitable finance by introducing them to lenders and funders. Lenders make their own decisions.
Does it cost anything to make an enquiry?
No. Making an enquiry is free and there is no obligation to go ahead. If there are any fees for our service, we will tell you clearly before you decide to proceed.
Will an enquiry affect my credit score?
No. Sending us an enquiry does not involve a credit search. If you decide to go ahead with a lender, they will usually carry out credit checks, and we will tell you before that happens.
How much can my business borrow?
It depends on your business, what the funding is for and each lender's criteria. Enquiries can range from £10,000 to £20 million. Many of the businesses we speak to are looking for between £30,000 and £2 million.
What types of business do you work with?
We work mainly with established UK limited companies and owner-managed businesses, particularly in construction, transport and logistics, manufacturing and engineering, wholesale and distribution, and hospitality.
How long does it take?
It varies by product and lender. Some facilities can be arranged within days once a lender has everything it needs, while larger or secured facilities take longer. We will give you a realistic timescale early on.
What information will I need?
To start, just the basic details on our enquiry form. Later, lenders usually ask for recent accounts, bank statements and details of existing borrowing. We will tell you exactly what is needed.
Do you get paid by lenders?
We may receive commission from lenders when finance is arranged. We will tell you about any commission or fees before you proceed.
Is government-backed finance available?
The British Business Bank's Growth Guarantee Scheme supports facilities of up to £2 million through accredited lenders for eligible UK businesses. Lenders decide whether to offer it, and the business remains fully liable for the debt.
Ready to see what your business could borrow?
Tell us what you need in a couple of minutes. It is free, there is no obligation and enquiring does not affect your credit score.