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What is Bridging Finance?

Published 24/03/2015 09:21:36

Bridging Finance can be a useful tool for some businesses. It involves borrowing finance for a period of time, until the money is ready to be repaid. It is commonly used for property developers, who are looking to “bridge” the time gap between the need for finance and then the sale of a property.

So what does bridging finance entail? It usually provided over a short period of time, at a higher monthly interest rate than a traditional longer-term loan. And lenders usually require a clear exit strategy – usually the borrower being able to earmark the sale of a property, a re-finance or another event which will enable them to pay back the loan.

So is bridging finance right for your business?

Well that depends on the business and what you are looking to do. For any organisation, commercial finance is a bespoke process. The type of finance which is right for you and your business might be very different for another business. Which is why at ASC Finance for Business, we arrange an in depth discussion with each business looking for finance, to help understand which finance is right for them, and how best to proceed in applying for finance.

To discuss Bridging Finance, or other types of finance for your business, with an experienced director, with no obligation, speak to the specialists today.

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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