Short Term Credit 100% bridging finance uncovered

Underneath are some times you may need this type of finance !

Situation 1 – Any legal reason – If you have another use for commercial, domestic or any reason whatsoever then you’ll be glad to know that you can use this type of credit for any reason provided that it is legal

Situation 2 – Purchasing a property at auction – With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Situation 3 – A business needs to raise cash fast – In this instance a business may need to buy out a competitor or expand it’s existing business and it doesn’t have time to wait for a commercial mortgage or business loan. Bridging finance can normally be raised in as little as 2 or 3 days.

Situation 4 – A business is moving premises – Unfortunately normally you can’t close your main business until your new plant or premises have been prepared with machinery or the necessary equipment to function properly. In these cases Credit 100% bridging finance credit can be used to provide temporary cash until your new premises are functioning and the old premises sold.

Those are just a few reasons why you may need 100% bridging finance, but the uses are as varied as the people who need the finance. The best thing to do next is to get quotations for bridging loans if you think one could help you. Our website can offer more advice or individual quotations if required.

Now on to the cost to give you an indication lets assume that you need a bridging loan of say £100000 at a rate of 1% per month would cost you £1000 for a 1 month period. Obviously each case is assesses on it’s own merits and rates can be lower or higher.