Bridging or caveat loans may seem expensive but if used in the right manner it can be a powerful tool for your business.
Bridging or caveat loans provide you with the money you need when you need it with approval in minutes and settlement within 72 hours.
It is true, you pay a higher interest rate on a bridging or caveat loan, however if used correctly and repaid on time or early they can be just what your business needs.
In this day and age, we want everything now. Who has time to wait a week to have a bank approve your loan request? In business a week can be the difference between making a substantial profit or losing revenue that will take time to recover.
If used effectively a bridging or caveat loan can provide you with a short-term finance solution for your business. It can be a cash injection that allows you to purchase an asset when you need it so you can get on with the business of doing business.
Bridging or caveat loans require an exit strategy meaning you need a strategy to pay out the loan within a three to six month period.
Depending on the business it may mean that you sell the asset for a profit and pay out the loan, or you meet with your financial institution to acquire longer-term finance on a lower interest rate.
Directline Finance provides bridging or caveat loans from $50,000 up to $50 Million secured against Australian Real Estate.
For more information or to apply for a short-term loan contact our office today on 1300 851 816 or visit www.directlinefinance.com.au