Bridging finance, exactly as it implies. Bridging finance is a short term loan that bridges the gap between a financial need and an imminent cash payout. If, for example, you have decided to emigrate. You have sold your house and are waiting for the funds to become available to you. With a government banking facility, you could be waiting up to three months for that payment. In the meantime, you have realised that emigrating has its costs. You apply for bridging finance, available cash, allowing you to cover the costs of your emigration, until such time as the settlement from the bank becomes available.
Usually bridging finance is considered a short term loan ranging anywhere from three weeks to three years, but rarely longer than that. Bridging finance has long been an option offered to you by your banking institute. However, as it falls under the short term loan banner, banking facilities often charge a steep interest. It is, regardless of interest fees, a great short term loan option.
Now, at an interest rate of 3% (three percent) you can apply for bridging finance loan against your house. Bridging finance typically implies an imminent payout will cover the costs of your loan. A financial requirement until such payout arrives. But, if you have equity in your property, you can secure a bridging finance loan without any impending payouts, against the value of your property.
BE FEARLESS IN THE PURSUIT OF WHAT SETS YOUR SOUL ON FIRE
If you have always wanted to start your own business, but start up costs seem insurmountable?
You have the concept, the premises, the staff. The drive, the motivation, the passion. The business acumen, the skills, the network. One thing stands in the way of setting your soul on fire. How mundane that a concept so exquisite and so beneficial, should be obstructed by something like cash flow.
The world needs your concept and your business, so, because it is more than important to you, you find a way to make it happen. Applying for financial loans through banking facilities, is just a time consuming and frustrating exercise. The last thing we need, is to lose your concept or your business just because of bureaucracy.
Be fearless in the pursuit of what sets your soul on fire. Secure a three percent bridging finance loan and feel that spark, get your business started and set your soul on fire.
HOME IS WHERE THE HEART IS
Your own business is your passion. It is what you have worked so hard for, for so long.
Using the equity in your property you can secure a loan against your property, and not only can you secure a loan against your property, but now you can secure a bridging finance loan for only three percent (3%) per annum, significantly less than the standard banking facilities.
With only three percent per annum and available cash in your pocket, thanks to the value of your home, you can make it happen. Your home can pave the way for you to follow your heart and finally open your business. Share your concept, share your passion and show the world that you have got what it takes to run a successful business.
THE FIRST STEP
Do your research. Read up on bridging finance and its benefits. Find out who offers bridging finance, and at what cost. What security is required. Read the fine print. What makes you eligible for bridging finance? Do you have equity in your property?
Once you have done all your research, you will find that bridging finance is a beneficial short term loan option. Whether you have an imminent payout due, or whether you have collateral on your property, at three percent interest rate, and very little paperwork, bridging finance is a perfectly viable first step in the direction of opening your very own business.