Bridging Finance

If you’re looking for business finance that’s fast and reliable, Bridging Finance could help you with one of the many financing options they offer.

They provide a range of helpful services that can unlock the future of your business and help you reach your full business potential.

Good partnerships lead to success

 In business, being partnered with the right institutions and companies could ensure a great measure of success. Bridging Finance knows the importance of good, trustworthy, and sustainable partnerships.

They’ve gone above and beyond to ensure that the help you need is only an application away with a wide range of partners to choose from.

Time is of the essence

When it comes to finding a business loan, nobody wants to wait for days to get an answer. Bridging Finance understands that time is of the essence in the business world.

Depending on what your needs are, they’ll compile one application and submit it to their various partners for approval. This way you save on time and, essentially, on money.

What is a business loan?

A business loan can cover many aspects of your business. The main reasons people need business loans essentially are to:

• Improve your businesses cash flow
• Acquire more equipment or vehicles
• Purchase material or stock
• Purchase a building from which you run your business

What if you’re blacklisted?

Being blacklisted does not automatically mean that you won’t qualify for a business loan. Because Bridging Finance makes use of partners who provide the funding, there are many things that are taken into account when a lender considers approving or declining a loan.

This is mainly based on the nature of the blacklisting together with a few other factors.

Providing a service that’s relevant and reliable is at the top of the priorities list at Bridging Finance. They realised that it was becoming more difficult for people to acquire business loans from banks.

This led to the idea of offering a service where the lender could be a bank or another business. They soon became a household name and helped many people reach their full business potential.  

What to expect when partnering with Bridging Finance

It’s important to know that they only assist with financing for businesses that have been operating for more than 12 months.

Depending on your financial needs and affordability, you could enjoy loan amounts ranging between R50 000 and R2 500 000. This is an unsecured loan suitable for both small and medium-sized businesses.

How does the business loan repayment work?

A business loan through Bridging Finance carries a repayment term of six months and will see you repay 25% interest on the amount borrowed.

This means that you’ll repay your loan in twenty-six equal instalments via a weekly debit order. A regular cash flow record through your business account can drastically improve your chances of getting your loan approved.

With any type of financing, there are consequences when the loan agreement is not met as per the signed contract. That’s why it’s of the utmost importance that you consider every aspect of the loan as well as the agreement before you sign the final documents.

Some of the consequences may include:

• Your name could be listed on the credit bureaus.
• If a building lease is part of your contract, you could get evicted.
• Legal action against you could lead to legal costs payable by you.
• Some companies can initiate financial sanctions against you, preventing you from carrying out any transactions/services.