By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Topics

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Finance
    • Marketing
    • Technology
    • Business Books
    • Wellness
    • Interviews
    • Franchise

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Trending
    TrendingShow More
    Communicate Better
    Start Your Business Start Your Business
    Majority of UK Employees Looking for a New Job
    Start Your Business Start Your Business
  • How To
    How ToShow More
    How To Start A Maintenance Business In 8 Easy Steps
    Start Your Business Start Your Business
    Tips for Running a Restaurant in the Most Efficient Way Possible
    Start Your Business Start Your Business
    Becoming self employed…
    Start Your Business Start Your Business
    Vet Start up
    Start Your Business Start Your Business
    Builder’s Growth
    Start Your Business Start Your Business
  • Agenda
    AgendaShow More
    4 Vital Safety Precautions to Take During Office Renovations
    Start Your Business Start Your Business
    Essentials You Will Need For Your Business
    Start Your Business Start Your Business
    Boost Employee Morale with these Appealing Ideas
    Start Your Business Start Your Business
    How To Save Your Business Money In Building Operations
    Start Your Business Start Your Business
    The Best Ways To Handle Customer Complaint
    Start Your Business Start Your Business
Reading: Bridging Loans
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Contact
  • Blog
Search
  • Agenda
  • Blog
  • Finance
  • Growing
  • Marketing
  • Opportunity
  • Starting Up
  • Technology
  • Wellbeing
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Bridging Loans

Start Your Business
Finance
Share
4 Min Read

Why Bridging Loans Are The Best Funding Option For Growing Businesses

If you want to grow your business, you need funding. Before you can do anything else, you need to raise the capital necessary to pay for marketing campaigns, new employees, increased manufacturing output, and any other costs associated with business growth. 

Contents
Why Bridging Loans Are The Best Funding Option For Growing BusinessesThe Application Process Is QuickYou Can Use The Money For AnythingThe Payments Are FlexibleLow Interest Rates And Fees 

You have a number of options when it comes to sourcing funding. You could look for private investors or you could take out a business loan. In most cases, bridging loans are the best option but they are often overlooked by businesses. Here’s why a bridging loan is the best way for a growing business to raise capital. 

The Application Process Is Quick

If your business is experiencing rapid growth and you need to expand operations to accommodate for it, you need to raise capital as quickly as possible. The process of applying for and being granted bridging loans is very quick compared with other options. This means that you can get the money you need right away, sometimes in just a few days, so you can get your plans for growth underway. If you have to wait weeks for the money, you risk falling short of your customers’ expectations because you simply can’t keep up with demand, and that will put your growth plans in jeopardy. 

You Can Use The Money For Anything

When you take out a business loan from a bank, they are often very specific about what the money can and cannot be used for. The thing is, you don’t always know what challenges you will face during a period of growth and where the money is best spent, so this can be quite limiting. With a bridging loan, you are free to spend the money on whatever you like. So, if you initially decide that you want to spend it on boosting your marketing but later realise that the money would be put to better use in your customer service department, that’s absolutely fine. Having that flexibility over how you spend your money will make it much easier to navigate growth. 

The Payments Are Flexible

Banks are not very flexible about when you pay back your loan and you are completely at their mercy. The thing is, when you are trying to grow a business, there are a lot of variables and you don’t always know exactly when you will be able to pay the money back. If it takes longer than you thought to increase revenue and your loan repayments kick in, you could be in big trouble. But bridging loans are a lot more flexible about the repayment terms, which is a huge bonus when you are experiencing a period of growth. 

Low Interest Rates And Fees 

The fees and interest rates on bridging loans tend to be much lower than other types of loans because the money will be paid back in a shorter period. This means that you can reduce the financial burden of the repayments and manage your cash flow more effectively. 

If you are trying to grow your business and you are looking at different financing options, bridging loans are definitely the way to go. 

 

TAGGED: header

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business May 20, 2021
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Join Us!

Sign up to our free newsletter and never miss a hot topic!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?