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As is the case with all businesses, cash flow is a key factor in maintain workflow and keeping a company functioning smoothly. Business owners commonly experience an issues with slow or restricted cash flow hindering project that would otherwise be extremely successful.
In this type of scenario a Bridge Loan becomes the ideal solution. Banks and mortgage providers will require stringent check to be completed, which often means it can be weeks or even months before funds can be received. Often this will mean the opportunity will be missed or non-viable. With a bridge loan, there are no checks and in some cases funds can be received on the same day. Due to the speed in which a bridge loan can be acquired they are extremely useful those types of situations which come quickly or unexpectedly.
Bridging finance is a temporary financial solution. The terms of a bridge loan are usually between 6 – 12 months in duration, this means you are not tied into a lengthy repayment plan as would be the case with a regular bank loan or mortgage. With a bridge loan, all funds are repaid when the loan is drawn up at the end of the term.
There are numerous of instances whenever obtaining a bridge loan is certainly a better alternative than applying for a bank loan or mortgage:
Bridge Direct are direct lenders, who aim to cut out the middle man. When you call Bridge Direct you can be assured you will be talk to one of our experienced decision makers, who will give you a guaranteed instant decision on all bridge loan applications.
For an immediate decision you can reach Bridge Direct on 020 3126 4969