North west bridging lender changes name for national expansion

Merseyside’s only private finance house has completed a major rebrand to reflect its continued national expansion throughout England & Wales.

Wallasey-based Bridging Finance (NW) has become Bridging Finance Solutions after seeing a 42 per cent increase in lending outside of the North West for the first half of 2010.

Steve Barber, founded and Director of Bridging Finance Solutions, said: “Whilst we remain very much a North West company, committed to our local clients and supply network, we are increasingly arranging a significant amount of business outside the region.

"Rebranding as Bridging Finance Solutions not only reflects this ongoing development, but will help us to capitalise on the significant demand for fast, accessible finance in the property sector nationally.

“We are looking forward to announcing some significant new national partnerships over the coming months which will help us to further extend the reach."

Bridging Finance Solutions has recorded a 68 per cent increase in the overall loan book for its half yearly results in 2010 in comparison to 2009.  Last year the company launched the £20 million Short Term Business Finance Fund offering loans of £30,000 to £500,000, for up to six months for a variety of business uses.

In June Bridging Finance Solutions was named “Best Regional Bridging Lender” at the industry’s annual Bridging and Commercial awards held at the Grange Hotel in Tower Hill.

The company was established by former management consultant Steve Barber in 2005 and has since arranged more than £40 million of bridging loans.

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