If you are a business person then you will know and understand why it is incredibly necessary to be able to get funding when your cash flow situation is not as healthy as you would like it to be. Being able to get your hand on some much needed cash can sometimes be the difference between having to close the doors of your business and still be able to function. Not having the right finance at a specific time may also cause you to have to walk away from a major deal that would have allowed your business to expand and would have permitted you to take on more employees. This is the importance of finance in any business and you always need to have a way to be able to bridge the gap between the time when there is no cash coming in and the times when it is due.
Every business always needs some kind of infusion of money because you never know when a short-term opportunity will come up and you want to be able to take advantage of the situation when you can. Sometimes unbelievable deals, long and so Ascot Bridging Finance know and understand the importance of being able to get the necessary funds to make it happen. Many businesses make plans for the next financial year but still only have enough capital to pay for six months of operating expenses. This is when bridging finance becomes incredibly important and the following are just some of the ways that such finance can help your business.
- For the slow periods – Sometimes business is seasonal and so there will be a period throughout the year when your business will not be making large amounts of money and so the business just needs a little bit of time to get over this bump before business starts to pick up again. It is at times like these that business owners can find it really difficult to come up with enough money to keep the business functional and so this is when bridging finance comes into its element.
- Increased flexibility – There will always come a time when the deal is too good to be true and in order to be able to take advantage of it, you need to have cash on the hip. It’s likely that you’re not expecting to receive any incoming funds until the end of the month and so you can either walk away from this once-in-a-lifetime deal or take advantage of bridging finance. It allows you to be able to take advantage of such opportunities at times when your funds are quite limited. There will always be a time when immediate costs need to be met for things like your operational costs like staff salaries and others.
When you apply for bridging finance, you will find that you will receive the capital faster than you would with a conventional loan and they also offer you very flexible pay back options.