Tip 9. Making a move
Relocating a business can be both stressful and costly – but it doesn’t need to be. A bridging loan is the ideal finance for clients who are relocating to new premises.
A short term bridging loan means that your clients can borrow the right amount of money to cover the duration of the move only. The loan can also help with the associated costs of the move, in terms of hiring removal firms, setting up I.T or refurbishing the new premises.
This is where bridging finance is particularly beneficial as it can help ensure that the client won’t need to dip into company cash-flow to fund the move.
With a bridging loan, your client can pay back the money when the move is complete and the company starts to reap the rewards for the relocation.
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