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:
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