Bridging Loans: The Essentials, with Jaime-Leigh Johnson

Jaime-Leigh Johnson, Relationship Director for Somo’s direct-to-borrower bridging business. Whether you’re navigating a straightforward transaction or tackling a complex scenario, Jaime is here to help you every step of the way and no question is too basic or too intricate.

What is a business bridging loan?

A business bridging loan is a short-term, secured loan designed to “bridge” the gap, helping you access funds quickly until your longer-term solution is secured. At Somo, we understand that businesses move fast, and traditional lenders often can’t keep pace. That’s where bridging comes in: fast, flexible, and designed around your needs.

How Might Your Business Use One?

Small or large, businesses often lean on bridging loans to:

• Smooth cash flow during interim periods

• Invoice, stock and equipment funding 

• Expand operations, or cover expansion costs

• Navigate urgent opportunities or obligations like tax liabilities or unexpected payments

• Finance refurbishments, conversions, or restructuring initiatives

• Cover temporary funding gaps during transitions or financial restructuring

Why Choose Somo?

At Somo, we’ve been delivering solutions since 2014, drawing on 300+ years of combined experience in property, finance, and legal expertise. Here’s what sets us apart:

• Speed and decisiveness: deals closed in as little as 48 hours when urgency calls for it

• Our 360° approach: we consider every angle, your asset, exit strategy, and long-term goals, to find the best solution tailored to you

• A trusted partner focused on getting you what you need, not your credit file

How It Works - A Simple Overview

• Apply: Tell me about your business needs and proposed exit plan.

• Underwrite: We quickly assess your proposal, often within days.

• Secure: We secure the loan against property

• Manage: We’ll walk you through fees, interest, and timelines - no surprises.

• Close the loop: You repay when your exit plan activates, whether it’s sale, refinance, or longer-term financing.

At Somo, we even support complex cases: for those with less than perfect credit, assisting with refinancing or navigating insolvency situations with integrity and expertise

Let’s Talk About the Risks…

Bridging loans come with responsibility:

• They’re unregulated, meaning Somo doesn’t fall under some consumer-safe rules. It’s important you review this carefully and seek independent advice if needed.

• Property used as collateral is at risk of repossession if repayments aren’t maintained

But rest assured: I’ll walk you through every detail, big or small, so you’re fully informed and confident at every step.

Here to Help

No matter how simple or complex your situation sounds, I want you to feel comfortable reaching out. Think of me not just as a Relationship Director, but as a trusted guide, someone happy to unpack every term, every process and every option for you.

If you’d like to discuss how a bridging loan could work for your business, or just have questions of any kind, feel free to reach out. I'm always here to help, one conversation at a time.

Let's get started:

📞 Call us direct on 0161 312 5656.

Or apply online today and we'll aim to provide you with an offer within 30 minutes.