Question: Can one get bridging finance if company has only been in operation for two years?
Answer: Yes one can get bridging finance provided the company has been trading for more than a year and meets all requirements necessary.
Question: How long does the process take to acquire funds from start of application for bridging finance?
Answer: Once all correct documentation has been received for application, it takes 48 hours for an approval, thereafter on acceptance of approval funds are transferred within two days dependant on amount applied for.
Question: How much does Bridging finance cost?
Answer: Bridging finance arrangement fees are generally around 1 – 2 percent of the full amount borrowed, and this amount is charged as an arrangement fee.
Question: What is bridging finance?
Answer: Bridging finance is a short-term loan that is used until a person or company secures permanent financing or removes an existing commitment. These types pf loans are also called bridge loan or bridging loan.
Question: When is bridging finance useful
Answer: Bridging finance may be a big help to a person or company provided that they can pay back the full amount quickly.
Question: Can one get bridging finance through a private company or only through a bank?
Answer: Bridging finance can be secured through a private company that specializing in bridging finance, for example the company – Bridging Finance Randburg. Banking institutions also assist with bridging finance