Examples of bridging finance

Bridging finance | General terms | Tips | Examples | Apply | Contact

How to benefit from bridging finance

People and businesses from all walks of life have discovered just what a cheap form of borrowing bridging finance can be. If you use it correctly it can be one of the most cost effective forms of finance available in the UK. It truly is cheap bridging finance if you pay it back as quickly as possible. Have a look at these examples.

Business bridging

A new and replacement company located in England need to extend their actual factory to accommodated more machinery and workspace to deal with the influx of orders they where in receipt of after sealing a deal to supply a nationwide home improvement chain. Their new customer had to wait for financing from their own bank to complete the deal which was going to take roughly sixty days to get verified. The kitchen company applied for bridging finance and was successful in their application. The advance five hundred thousand pounds and the factory extension work began immediately and was completed with forty five days. The received their confirmation that they would their invoice would be paid on a set date so where able to clear the bridging finance advance in two months. They paid a grand total £7500 to borrow half a million pounds. The quick bridging finance benefited all concerned.

Home owner bridging

A heavily pregnant couple who had bought a 'unique fixer upper' property needed fast cash to make sure the property was livable for when their baby arrived. They where also expecting a large cash sum due to a family bereavement. Bridging finance gave them the opportunity to get their hands on funds to get their home shipshape. Amount borrowed was £35,000.00 paid back within three months at a total cost of £525.00. Ask a bank to lend you fifty thousand for that amount of interest!

Property investor finance

A property investor saw a house for sale at a property auction which was 'too good to miss'. He actually called a bridging finance loan company whilst the auction was ongoing and secured his advance over the phone. It took him less than thirty days to organise a remortgage on his property. He cleared the amount within two months, paying just £750.00 on his £50,000.00 bridge advance.