Short-Term international bridging loan finance what you need to know
Below are some bridging loan examples !
Situation 1 – 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 2 – A company needs to purchase stock – If a companies liquidity is low and it doesn’t have enough to buy a bargain lot of stock then international bridging loan finance can be used a temporary financial fix.
Situation 3 – 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 4 – Venture capital – Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.
Situation 5 – 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.
As you can see from the above international bridging loan finance examples, 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 expect one could help you. Our website can offer more advice or individual quotations if required.
Now on to the cost to give you an idea lets look for a loan of £200000 for a 3 month period at 1% would cost you £6000. However rates can be offered at lower or higher rates.
Many people don’t apply for international bridging loan finance because they expect to be rejected, or have already been turned down by their bank. You may be surprised though as we can accept applications from bad credit customers with County Court Judgements.
