Bridging Loans Ltd, trading as Development Finance, was recently ranked 6th in Business Insiders Spirit 100 which names the fasted growing small companies in Scotland. The prestigious Sprint100 company list is ranked by total percentage turnover growth over the last 3 years.
Bridging Loans was founded in 1975 and has remained a privately owned company. Previously their core business was providing bridging loans for buy to let market and small refurbishments. However in 2008, during the recession when banks stopped funding any property development, Bridging Loans set up a specialist team to work with small property developers. Since this time Development Finance Ltd have continued to work with developers and builders who specialise in new build developments of houses and flats along with steadings and other property conversions.
The placement in the Spirit 100 list reaffirms Development Finance Ltd position as the market leader in providing finance solutions for small developments.