Commercial Bridging Finance
Posted on October 22nd, 2011 in All, Commercial. Sometimes waiting for a secured loan or a remortgage can be too long and opportunities may be missed. Business moves fast and sometimes cash flow is not available, in times like this commercial bridging finance an be used. Businesses can use this kind of credit for several reasons the main one being to buy a new property while the other one is still on the market. A predetermined interest rate is paid on a monthly basis until the existing building is sold and the funds can be used to pay off the whole loan.Other times commercial bridging loans can be used to fund cash flow problems, buy in stock, fund expansion or in some instance stop bankruptcy. The unique feature of this kind of credit is the short time in which the commercial bridging finance loan can be completed usually funds are received between 2 days and 10 days depending on the information supplied at application stage.