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Bridging Finance - Aapplying Criteria’s
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Posted On :
Dec-01-2011
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Article Word Count :
530
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Bridging finance is the apt option that provides the money for a short term, which is duly paid back on completion of the work and after realization of the payment.
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You do hear a lot about bridging finance these days. Many of you would have even thought of opting for a bridging loan in order to meet you sudden financial demand. Some would have even tried for getting a bridging finance, a few would have been successful in getting it and a few would have been rejected for some cause. Here are some of the points that will help you know if you are really eligible for applying for a bridging loan. To be precise these are the criteria’s based on which you can apply for the loan.
• Loans for your business: Running a business is really a hectic task. Everything you do in a business if for money. The money becomes the life blood of the business. Take away the money and the business is slowly bound to die soon. Sudden requirements of money do come up in business in order to cope up with sudden increase in orders requiring an investment of money. Bridging loan is the apt option that provides the money for a short term, which is duly paid back on completion of the work and after realization of the payment.
• Property Development or Refurbishment: Owing a property is in fact everyone’s dream come true. Selling a developed property or refurbishing a property tends add value to the property and enables one to earn more rather than putting a flat fenced property up for sale. Well developing a property involves good amount of money. Bridging finance is a good option for the same. Get a loan, develop the property, sell it off at an escalated price and repay back the loan with a good sum of money for yourself.
• Buy and Sell options: You see a good property or an asset is up for sale and you feel that you can make more if you buy and sell it. Bridging finance is there to help you out in such cases. The loan finances you to buy the same and maybe you could even do a value addition to the same and sell it at a better price.
The above stated are some of the general cases to which majority of the financial institutions provide a bridging finance. There are a lot more cases that can also be projected out properly to avail a loan.
Bridging finances are quite tricky in some cases, since it involves the pledging of the property or asset in order to avail the loan. There are quite a good number of cases where people have lost both money and the asset to financial institutions being unable to pay for the loan. One should have a detailed study on one’s financial capabilities before availing the loan. In particular for the loans taken for the property development, it would be good to fix up a buyer for the property before going for the loan so that the repayment part of the loan is secured.
Bridging loans are to be considered as bridges for crossing financial crisis’s, they just are need to be taken at the time of need and repaid back in time.
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Article Source :
http://www.articleseen.com/Article_Bridging Finance - Aapplying Criteria’s_112961.aspx
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Author Resource :
Oliver Smith is presently working with Best Bridging Loans as a financial suggestions. For more information click on bridging finance, bridging loan, bridging loans UK, bridging loan UK, bridging loans.
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Keywords :
bridging loans, bridging loan, bridging loans UK, best bridging loans, bridging finance,
Category :
Finance
:
Loans
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