Property backed business loans - Sparrow Loans

Bridging loans

Need funds fast?

  • From 6.5% p.a.
  • Fast approvals ( within 48 hours )
  • NSW, VIC, QLD

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Providing trusted bridging loan solutions

Buying an investment or commercial property and need funds fast? Is settlement looming and you haven’t secured your funding? Are you fed up with dealing with banks?

We lend to businesses and individuals that require short term funding secured against Australian real estate. We take a common-sense approach to lending and can often assist when the banks cannot. Founded in 2018, Sparrow Loans is a boutique short-term commercial bridging loan specialist and is there to help you grow your property portfolio hassle-free.

While other lenders promise fast turnaround times and excellent customer service, we can honestly say that we offer a unique customer experience with our hands-on approach to customer care. When you work with Sparrow Loans, you deal with the owner of the business Ulrika Lobo, not a salesperson or account manager. She will take a vested interest in managing your loan application from start to finish, ensuring you get your bridging loan fast.


The Sparrow Loans Advantage

A smooth experience from start to finish with your commercial or investment bridging loan.

Buisness loans by Sparrow Loans

Responsiveness

We assess your bridging loan application quickly and will come back to you within 2 business days.
Buisness loans by Sparrow Loans

Support

Whether you are a business borrower or a referral partner, you will have a dedicated relationship manager to help you through the bridging loan application process.
Buisness loans by Sparrow Loans

Trust

We work hard to give you a smooth application process with clear requirements. You can be sure that our funds are ready to settle when your bridging loan is approved.

Key Features

  • Interest Rates from 6.5% p.a.
  • Up to 75% LVR
  • No minimum term
  • No application or commitment fees
  • Approval within 2 business days
  • NSW, VIC & QLD Property accepted
  • Flexible Repayments available
  • Quick release of funds within 2 weeks

Our Bridging Loans

Bridging Loans - Sparrow Loans

When do you need a bridging loan?

With a private lender like Sparrow Loans on your side, you can jump on an investment opportunity without waiting for a bank loan application’s long processing times.

When you have a settlement coming up and you’ve put down a deposit, it can become nerve-wracking to wait for your unconditional bank approval. You risk losing your deposit or incurring penalty costs from the vendor if there are delays in settlement.

With a private funder like Sparrow Loans, we can turn around a bridging loan approval within 48 hours and settle within two weeks.

bridging loans - sparrow loans

How do you determine the property value?

If you are a talented negotiator and have secured an offer on an investment property below the property’s market value, we can help you there too. We can lend against a current property valuation rather than the Contract Sale price. We do not penalise you for finding an excellent investment opportunity in this market.

No minimum term

Whether you need a loan for one month or 12 months, we give you the flexibility to choose your loan term as you prepare to refinance with the bank for a more long term loan facility. Our bridging loans allow you to capitalise 100% of the loan facility’s interest too.

Apply for your bridging loan in 3 easy steps!

Step 1

Buisness loans by Sparrow Loans
Complete our bridging loan application form online – this takes about 5 minutes.

Step 2

Buisness loans by Sparrow Loans
Get a Letter of Offer with our rates, fees & any additional information required to proceed to unconditional approval.

Step 3

Buisness loans by Sparrow Loans
Receive your funds within 2 to 3 business days from unconditional approval. That's how quick we are!
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Bridging Loan Requirements

  • Current ABN
  • Current Australian business address
  • Registered for GST
  • All directors and owners of the business to be Australia-based
  • Must be in business for at least 12 months
  • Property security
  • Loan Serviceability (if the interest is not capitalised within the loan facility)
  • Clear exit strategy

Bridging Loans Frequently Asked Questions

See some of the questions our clients ask us all the time about our bridging loans. If you have any further questions we are more than happy to help.

How quickly can I get my bridging loan?

You can generally get approval for your bridging loan within 48 hours.

What is a bridging loan?

MoneySmart tells us that a bridging loan is a Short-term finance that covers the period between buying a new property and selling your existing property.

How does a bridging loan work?

Most people sell their commercial asset first and then buy their next investment with the available equity. But there are times when you see a commercial property opportunity that’s too hard to resist, and you want to buy it now. If you wait for the bank to give you the money, the property could be sold to someone else, which means you miss out on this excellent investment. A real pity as this asset may be just the thing you’ve been wanting. Bridging finance can solve this dilemma by giving you the funds for the commercial or investment property purchase while you wait for the bank to provide you with the money, which can take months. A Sparrow Bridging Loan gives you access to fast cash so you can snap up a property without having to wait for bank approval.

What Are Commercial Bridging Loans?

Property developers, property investors, and even landlords who want quick access to funds will use a commercial bridging loan. They are relatively the same as a personal loan, where you can utilise the funds for a short term of up to 12 months.

Commercial bridging loans use:

  • Commercial Property purchases (such as offices, restaurants and bars, retail premises, warehouses, industrial estates, accommodation, business parks, warehouses, factories, etc.
  • Renovation projects, office fit-outs and property development
  • Debt refinancing/consolidation
  • Business expansion or business purchase
  • Short-term working capital and inventory purchases
  • Temporary cash flow shortages.
How do I apply for a Commercial Bridging Loan?

Contact us online or call us on 1800 258 374 – and we will be able to give you the best advice about a short term bridging loan.

One of our bridging loan lending team members will schedule a more in-depth meeting about the loan process, what’s involved and let you know about timings when your loan will be approved and when you can expect the money.

Documentation Review and Loan Offer – send us your application documents which we will review and return with a loan offer for the proposed finance for the bridging loan.

Asset Valuation – we will quickly conduct a valuation on the commercial property you wish to provide as collateral for the bridging loan

Loan Approved – your funding and finance will be made available to you and sent to your nominated bank account.

Have questions? Our friendly team is available on 1800 258 374  weekdays 9 am – 7 pm AEST