Best Closed Bridging Loans Features And Examples Compared
- Date: 2007-05-11 - Word Count: 443
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First lets look at what closed bridging loans are and what you need to look out for when shopping around. The main consideration is probably the total interest capital payback plus whether the finance can fix your situation.
We will now look at several examples on when and why a bridging loan can be used. A few instances you may need a loan of this kind are listed below !
Scenario 1 - 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 Best closed bridging loans credit can be used to provide temporary cash until your new premises are functioning and the old premises sold.
Scenario 2 - 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.
Scenario 3 - 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 closed bridging loans can be used a temporary financial fix.
Scenario 4 - 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.
Scenario 5 - 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.
Scenario 6 - 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.
Those are just a few reasons why you may need a closed bridging loan, but the uses are as varied as the people who need the funds. If you like the sound of this kind of credit and think you may benefit from a bridge loan then visit our main site for more details.
Of course you may want to know about the expense a typical case for an amount of £200000 for a 3 month period at 1% would cost you £6000. Rates can vary depending on personal circumstances.
To find out more or get individual quotations visit Bridging Loans
We will now look at several examples on when and why a bridging loan can be used. A few instances you may need a loan of this kind are listed below !
Scenario 1 - 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 Best closed bridging loans credit can be used to provide temporary cash until your new premises are functioning and the old premises sold.
Scenario 2 - 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.
Scenario 3 - 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 closed bridging loans can be used a temporary financial fix.
Scenario 4 - 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.
Scenario 5 - 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.
Scenario 6 - 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.
Those are just a few reasons why you may need a closed bridging loan, but the uses are as varied as the people who need the funds. If you like the sound of this kind of credit and think you may benefit from a bridge loan then visit our main site for more details.
Of course you may want to know about the expense a typical case for an amount of £200000 for a 3 month period at 1% would cost you £6000. Rates can vary depending on personal circumstances.
To find out more or get individual quotations visit Bridging Loans
Related Tags: mortgage, fast, quick, bridging loan, bridging finance, short-term, bridge loan, bridge finance
Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit Bridging Loans Finance Your Article Search Directory : Find in Articles
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