A Bridging LoanBridging loan
Historically, with the approval of some credit operations, traditional banking and lending can take a little longer than desired, and in the fixed term environment this is the amount of money many of us cannot spend.
Fortunately, bridging credits can be authorized within a few working days, which means your terms will be respected and neither you nor your company will be let out of the bag as bankers puncture their Is and exceed their Ts. When you find that you fit well into one of these classes, a bridging loan is definitely a viable choice for you and/or your company.
Is it possible to use a bridging loan for inheritance matters?
The loss of a trusted boyfriend or family can be both a sorrowful and exhausting period, angered only by the amount of red tape and organization you need to do when you are named testator of your will. And if so, can a bridge loan be used to solve cash flow problems?
If someone else died, what happened to credit? When there is not enough cash in the inheritance to repay debt owed, it should be repaid in a specified order (before anything is given to a beneficiary specified in the will) until the funds are used up. For more information, please visit our interim financing page.
For further information on how to use a bridging loan, please call our sales department on 02920 76656565 to find out more.
How much is a bridging loan?
Bridging loans are short-term financing options that are usually used in time-critical situations and often close the gaps between transaction, e.g. between the sale and purchase of real estate. We at Enness, as Chris Lloyd, Associate Director, explained in this revealing interview, can make interim financing an opportunity for you.
Our bridging specialists will be pleased to help you if you would like to obtain a bridging loan at market-leading conditions.