What do you do when your business suddenly needs $450,000 in 72 hours?

When business opportunity knocks, do you have the capital to answer the door? In business often the difference between a multi-million dollar deal succeeding and failing is just hours. If you don’t respond within the small window of opportunity, then the deal will fall over and you miss out on potentially massive profits.
In recent times smart business owners have been turning to a method of revenue raising, previously only used for real estate, to raise the short-term capital they needed. Many business owners have been turning to bridging finance as a viable option.
Goran Simunovic from BridgingFinance.Com.Au said ” We had one business owner in Brisbane had been running a successful business for over 12 years. They were so successful that a rapid expansion program had stretched cash flow to breaking point. The problem was they had the opportunity to secure a deal worth $1.8million, but to secure it they needed to obtain $450,000 within 4 days. As they owned an investment home, they were able to arrange bridging finance within 72 hours and clinch the deal. The bridging finance loan was repaid within 2 months as the deal was so successful.”

Bridging finance is not just for business. Bridging finance is still used to secure investment and owner occupied property where people want to buy a new property before their existing property has sold.
With the slow-down in many parts of the real estate market, properties are remaining on the market for longer periods. This can cause challenges when your ideal property is listed. Many people use bridging finance to secure their dream property while they are waiting for their current property to sell.
“One retiree from Adelaide purchased a property in Melbourne. The challenge he faced was he had to buy the Melbourne property before his Adelaide property had sold in order to secure the best price. As his Adelaide property was mortgage free he organised $285,000 bridging finance from our independent broker service – BridgingFinance.Com.Au, secured against his current home. In less than 4 months he had moved to Melbourne and their Adelaide home was sold” said Goran.

BridgingFinance.com.au are independent loan brokers who specialise in bridging finance for business and property. They have arrangements with over 40 lenders to ensure the best possible bridging finance deal is sourced for their clients.