Compare closed bridging loans
A detailed look at short-term closed bridging loans
Compare closed bridging loans
The main features of closed bridging loans - We will look at some of the features and benefits of this type of finance. A major thing to consider is the interest rate the main area you should be concerned about though is the reason why you need a closed bridging loan and whether getting one is going to solve your dilemma. You need to compare the costs with the benefits of getting the finance now.
This short article will now look at several predicaments where getting this kind of financial credit is best advised. Sometimes you may need bridging finance are below !
Scenario 1 - 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 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.
Scenario 3 - 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.
As you can see from the above closed bridging loan examples this credit is flexible, but the uses are as varied as the people who need the finance. If you like the sound of this kind of credit and think you may benefit from it, then check the links at the bottom of the article for further information.
Lets now explore the price for a loan for the total amount of £150000 at a rate of 1% would cost you £3000 to borrow the sum for 2 months. Rates can vary depending on personal circumstances.
Visit to find out more information on bridge finance visit Bridging Loan
About the Author
Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit Short Term Bridging Loans
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