Bridging Finance Archives - Page 2 of 2 - ASC Finance for Business

25/04/2023 Banks, Business, Finance, Loans, Property, SME

What is the difference between open and closed bridging?

Bridging finance is a short-term loan used to bridge a financial gap between the purchase of a new property and the sale of an existing property. There are two main types of bridging finance; open and closed. Open Bridging Finance has no set date for the loan to be repaid. This type of bridging finance is...

How can ASC support your projects?

When our clients require finance for a short period of time, anything from two months to two years, bridging or short-term finance could be a suitable solution. When approaching banks for finance, lenders have different key considerations for bridging and short-term finance lending, since a short-term loan will be paid off faster, it can mean...

What is Bridging Finance and how can it help my business?

Bridging Finance can be a useful tool for some businesses; it involves short-term borrowing usually for a specific project. So, what does bridging finance entail? It’s usually provided over a short period of time, at a higher monthly interest rate than a traditional longer-term loan. Lenders usually require a clear exit strategy – usually the...

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