We often get asked when it’s best to use bridging finance, so let's clarify.
Unlike personal loans, bridging finance is tailored for specific situations. Personal loans are used for various personal needs. They rely on your promise to repay, without any guaranteed source of repayment.
Bridging finance, however, is designed for scenarios where a property has been sold, but there’s a waiting period before you receive the sale proceeds. This waiting period can be frustrating, especially when you need the money sooner.
Bridging finance steps in to provide those funds ahead of time, bridging the gap between the sale and the payout.
At Empower Funding, we specialize in bridging finance for property sales.
We understand the challenges and delays in the property sale process. Our service aims to relieve the stress of waiting for your money.
While personal loans may suit various needs, bridging finance is ideal when you need quick access to funds from a property sale. If you need a personal loan, we can refer you to someone who can help.
We hope this helps you understand when bridging finance is a better option. If you have any more questions or need assistance with bridging finance, feel free to reach out to us.
Thank you, and enjoy the video below.
Gal Ezra
Comments