A bridging loan is a type of short-term loan, typically taken out for a period of 3 month to 3 years pending the arrangement of larger or longer-term financing with a main stream lender or alternative exit strategy.  Traditionally bridging loans have been used for  the following commercial purposes: Business Acquisition, Business Refinance, Equity Release, Business Working Capital, Business Bridging  

Flexibility: Businesses can choose the repayment terms and frequency that best suits their needs and budget. 

Preservation of cashflow: Rather than tying up a significant amount of capital in purchasing equipment outright, businesses can keep cash flow intact by spreading the cost over time. 

Tax advantages: In the case of a chattel mortgage, businesses may claim tax deductions on the interest and depreciation of the equipment, while repayments for leases and rentals may also be tax deductible. 

Up-to-date equipment: With regular upgrades and replacements, businesses can ensure they have the latest and most efficient equipment.

You don’t have to worry about paying anything out of pocket for our services. We work on a commission basis, which means that we receive payment from the lender, not from you. So, it’s a win-win situation for you as you get access to our expertise and financing options without any extra charges. Our focus is on finding the best financing options for your business while keeping your financial goals and constraints in mind.

We know that our clients value speed and efficiency, and we work hard to make the application process as quick and painless as possible. Depending on the complexity of your financing needs, we can often get you approved within 24 hours. We’ll keep you informed throughout the process and do our best to keep things moving along smoothly.

Yes, we can help you with financing for used equipment in the large majority of cases. We have a wide range of financing solutions that cater to different types of equipment, including used equipment. So, if you’re looking to finance used equipment, don’t hesitate to reach out to us. We can discuss your requirements and let you know if we can help. Remember, every situation is different, so it’s best to have a conversation with us to find out for sure.

At EDCORP Finance Solutions, we understand that starting a new business can be challenging, and we are here to help. We have financing solutions that cater specifically to businesses that have been trading for less than 2 years. In addition, we also offer financing options for businesses that aren’t GST registered. So, if you’re a start-up or a small business owner, we are here to help you with your financing needs. Don’t hesitate to get in touch with us so that we can have a conversation about your business and find the best financing solution for you. Let’s work together to make your business goals a reality!

No, We have financing solutions that cater specifically to businesses that have been trading for less than 2 years. In addition, we also offer financing options for businesses that aren’t GST registered. So, if you’re a start-up or a small business owner, we are here to help you with your financing needs. Don’t hesitate to get in touch with us so that we can have a conversation about your business and find the best financing solution for you.

Generally, there is no minimum amount for financing. However, the maximum amount can vary depending on the lender and the asset you’re looking to finance. If you have any specific financing needs, feel free to reach out to us and we can discuss your options in more detail.

We understand that past credit issues can be a concern for many small business owners. However, we have access to a large pool of lenders with varying criteria regarding credit scores. This means that we can help find a financing solution for you, regardless of your credit score. So, if you have had issues in the past that have impacted your credit score, don’t let that deter you from reaching out to us. We are here to help and will work with you to find the best financing options for your business.

You don’t have to worry about paying anything out of pocket for our services. We work on a commission basis, which means that we receive payment from the lender, not from you. So, it’s a win-win situation for you as you get access to our expertise and financing options without any extra charges. Our focus is on finding the best financing options for your business while keeping your financial goals and constraints in mind.

In the majority of cases, a copy of your driver’s license, a copy of the invoice, and a signed Privacy Consent Form (which we will supply) are all that’s needed to get the lender to start assessing the deal. You don’t need to worry about anything as we will manage the application process and inform you if any other documentation is needed. Please free to click on our online application page which will stream line your application process, if required we will guide you through the process.