When Will I Need Commercial Bridging Finance?

You see a beautiful spot of land for sale, possibly with a deserted storefront already

on it; suddenly your mind goes wild and you find yourself imagining the amazing business that could be stationed there. You quickly get together with some of your partners and discuss the matter; everyone is in agreement that the area needs to be purchased. The only catch is that your funds are coming up extremely short. It appears that you could benefit from some bridging finance.

What is bridging finance? Bridging finance is when you need a loan and you need it fast. You might choose to take out a bridging loan if you are afraid that the property in interest might be sold out from under you before you have a chance to collect money from a regular loan.

What kind of bridging loans are there? You can get a bridging loan when you have agreed to:

- Purchase a piece of property (such as a house) but have not completed the sale of your old home, or

- If you are looking to invest in a piece of property or land, or

- If you are interested in buying a business.

How large are these loans? Usually, bridging loans start at 10,000 pounds and go as high as 10,000,000 pounds allowing anyone interested in buying any size of land to succeed. Talk to a broker to find out the exact amount available to you.

How long can you keep out a bridging loan? The money borrowed with bridging loans usually needs to be paid back within a short period of time depending on the broker you are working with. Although some loans can last as long as years, most are paid within days to months.

Is a bridging loan right for you? If you need cash fast to pay for a piece of property or business and intend to pay it back quickly, then one of these loans maybe just what you are looking for.

If you are interested in taking out a bridging loan, you need to get in touch with a broker today. A broker will help you get the loan as soon as you ask for it, allowing you to fulfill your dreams of owning your own land or business.

by: Stephen Davies

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