Times you could use a bridging finance loan shown below!
Example 1 - 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
Example 2 - 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.
Example 3 - 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.
Example 4 - 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 Cheap over a million bridging loan finance credit can be used to provide temporary cash until your new premises are functioning and the old premises sold.
Many people don't apply for over a million 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 late mortgage payments.
Of course you may want to know about the expense for a loan for the total amount of £200000 for a 3 month period at 1% would cost you £6000. Obviously each case is assesses on it's own merits and rates can be lower or higher.
To find out more or get individual quotations visit Business Bridging Finance
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For more information visit Short Term Bridging Loans