A Bridging Loan can be the ideal solution when funds are required quickly in order to purchase a property. A facility can be agreed and in place in a matter of weeks, and is then replaced by a longer term solution within the timescale that works best for you.
what it can be used for:
- Purchasing a property at auction
- Refurbishing a property
- Purchasing land
- Speeding up a property purchase
- In the right circumstances a business can use this type of facility to raise funds for a non-property related project
Bad debt protection
Bad debt protection can be added to your invoice discounting or factoring facility to ensure that you still receive payment in the event that your customer can’t settle their invoices. Every year, businesses lose thousands of pounds due to payment delays. This could, potentially, severely damage your business or put it at grave risk.
If a customer insolvency arises, we can handle the procedure on your behalf. Think of it as insurance against customer insolvency, to protect your business and give you peace of mind.
If you’ve had previous experience of customer bad debt, want to minimise risk, protect cash flow and have several large or high-reliance customers, bad debt protection could secure your company’s cashflow – no matter your turnover.