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Bridging Loans in Action
The most commonly understood type of bridging loan is one that is taken to fund the purchase of a new property prior to the sale of an existing one – meaning that the temporary financial shortfall can be breached until the repayment funds are released.
But bridging loans can be used for quite a variety of other circumstances. For example, if a company sees a great opportunity to make a profit on a volume stock purchase, but is in financial difficulty, the company can arrange short-term bridging loan finance to fund the purchase of that stock. They can then repay the bridging loan once the stock has been sold and use the profit to get company finances back on track. It’s simple and it works.
July 3, 2008 at 11:18 am | Bridging Finance | No comment
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Why Bridging Loans Are Easy
Bridging Loans for short-term financial obligations are easy to arrange because the loan is backed by collateral, so the background checks required are less extensive than with other kinds of personal loan.
This can make the whole process of arranging a bridging loan surprisingly quick and easy.
June 22, 2008 at 2:16 pm | Bridging Finance | No comment
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Bridging Loans’s Diary
Oh my God! I ate one tiny piece of chocolate cake yesterday and I’ve put on about ten stone!! It’s not fair, Jennie from the commercial loans department eats about seven bags of crisps a day and still looks like a rake.
I need to be thin before my date on Friday. There just isn’t time! If only I could make some kind of deal to get the body I want instantly and then do the exercise afterwards to pay for it… a bit like a bridging loan for fatties!
June 15, 2008 at 2:35 pm | Bridging Finance | No comment
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What’s a Commercial Bridging Loan?
A commercial bridging loan is a simple, short-term kind of loan that enables you to borrow a lump sum of money in order to purchase land or property right away.
This is typically used in a scenario where you also have land or property to sell – repaying the short-term loan when the sale of your existing land or property is completed.
June 7, 2008 at 9:05 am | Bridging Finance | No comment
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Bridging Loans’s Diary
I saw some really nice shoes I wanted to buy today. Only thing was, I couldn’t afford to buy them until I’d sold the ones I bought last week. I was confident Sandra would buy them, but I hadn’t actually made the sale.
Luckily, I managed to arrange a sort of bridging loan with Trisha – she was kind enough to lend me the money to buy the new shoes until I could sell the old shoes and pay her back. Fantastic, I thought.
May 28, 2008 at 4:34 pm | Bridging Finance | No comment
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