Bridging Finance

Bridging Finance

Bridging finance is a type of short-term financing offered by SLCB that is designed to bridge the gap between the need for immediate funds and the availability of a more permanent source of financing. This type of financing is typically used in real estate transactions, such as buying a new property while waiting for the sale of an existing property. Bridging finance provides borrowers with immediate access to funds that can be used to finance a property purchase or other expenses with the expectation that the funds will be repaid when a more permanent source of financing becomes available, such as the sale of an existing property. Bridging finance is typically secured against collateral, such as a property or other assets, and the interest rates and repayment terms can vary depending on the lender and the borrower's creditworthiness. The repayment terms for bridging finance are typically short-term, usually ranging from a few months to a year.