Bridge Finance is refers to the loans taken by a company normally from commercial banks for a short period, pending disbursement of loans sanctioned by financial institutions.
Why it is Taken : Normally, the financial institutions takes some times to disburse loans to companies. However, when the loans are permitted “in -principle” by the term lending institutions, companies, in order not to lose further time in starting their projects, arrange short term loans from commercial banks. Bridge loans are also offered by many financial institutions pending the signing of regular term loan agreement, which may be delayed due to non-compliance of conditions stipulated by the institutions while sanctioning the loan. When bridging finance is required, Global Capital Commercial (GCC) helps borrowers understand the key considerations and challenges, while providing the confidence and the funds needed to ensure the best result. We provide bridging loans for:
0 Comments
There are a number of reasons why your business might need a commercial loan.
When you are able to secure the funding that you need, you will find that it's easier to grow your business - whether you purchase properties, land or even existing businesses. You'll also find that you have an advantage over your competition - an edge that will make doing business even more exciting. A traditional option has always been to obtain commercial loans in Australia and elsewhere from a local bank. The process is the same wherever your business goes. However, there is another option for obtaining commercial loans in Australia and elsewhere. Global Capital Commercial offers another means of financing your business' investments. Our commercial mortgage products range from straightforward, to more highly leveraged and structured facilities. When you need access to funding - commercial loans in Australia and beyond - you need to know that the finances will be available quickly. You need to know that you will be able to make a decision: to act and to move on a possibility before the opportunity is gone. Why settle for traditional means of obtaining commercial loans in Australia and beyond? Choose Global Capital Commercial, and get the funding you need when you need it. Business loans, more popularly known as commercial loans, are types of mortgages perfect to maintain the short-term projects like as community projects, payrolls, and purchasing machineries. Compared to loans approved by lending companies these loans are much easier to repay because the interest rates are relatively lower.
Secured Loans: A car loan and mortgage are the most common types of secured loan. A secured loan is type of loan which generally has a lower interest rate because the bank has less risk since it can easily collect the collateral if you default on payments. It is connected to a piece of collateral - something valuable like a car or a home. Unsecured Loans: An unsecured loan have a higher risk to the lender as it is not protected by any collateral, which means if you default on the loan, the lender can't automatically take your property. The most common types of unsecured loan are credit cards, student loans, and personal loans. Start-up Loans: This type of loan is approved to starting businesses. Prior to the sanction, the lender may inquire the borrower to present proofs that the debt can be repaid through credentials detailing all the monetary source of income of the company. Business-only Loans: This type of loan uses a individual credit to be appropriate for a economic assistance for the business entity. The personal credit will be used to repay the amount until the business is capable of doing the payment. At GCC, we use a unique, state-of-the-art artificial intelligence (AI) driven scenario pricing engine, which helps identify and select the optimum finance product for any borrower’s requirements – faster, smarter and more effectively than ever before. We offers unparalleled, direct access to Commercial Property Finance loans that match any client’s specific needs – even in difficult or confusing financial periods. Bridging loans is a type of short-term funding solution that is often used to fund you for a period of time whilst allowing you to either refinance to longer term debt or sell a property. It generally has a slightly higher interest rate than conventional mortgages, reflecting the lender’s risk due to the uncertainty of the existing property’s pending sale.
Typically short-term funding solutions are offered for between 1-18 months, with the loan repayable in full at the end of the term. Unlike other forms of borrowing the monthly interest is often rolled into the loan, so there are no repayments to make during the term of the loan. Bridging finance is usually desired when a temporary cash-flow dilemma arises, e.g. having to wait to sell an existing property, in order to cover the equity required to buy a new one. These loans are typically made on an interest-only basis for terms up to 12 months. Features about bridging loans include:
|
Archives
November 2019
Categories |