Our short term bridging and working capital financing solutions are suitable for business acquisitions, business refinances, equity release, business working capital or simply bridging a short term business funding gap are quick simple and not reliant on serviceability.
We can structure the finance to suit your business requirements. We get it. Sometimes, you just need a quick and simple finance solution to cover a shortfall in cashflow!
Running a successful business in Australia requires constant innovation, especially when it comes to equipment or expansion. Whether it’s upgrading to the latest machinery, expanding or renovating, or just a funding gap, staying ahead of the curve is key to attracting new clients and retaining current clients. Bridging loan or working capital finance can avoid putting a strain on your cashflow, making it difficult to invest in growth. This is where EDCORP Finance Solutions comes in – offering fast, flexible finance options tailored to the unique needs of all businesses, so they can expand without disrupting cashflow.
I recently had the pleasure of working with Chris and I couldn’t be happier with my experience. He was knowledgeable, professional, and prompt with my questions and concerns. The entire process was seamless. I felt supported every step of the way. Highly recommend!!
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
Each facility is tailored to individual business profiles however interest rates start at 9.1% per year, The interest is only paid on funds used. For example, if the facility is $100,000 and you draw down $100,000 you will pay $9,100 in interest over the year.
Repayments start one week or month after you first draw down on the facility, the repayment frequency is your choice when the facility is established.
The overdraft facility will be in place for 5 years.
Any commercial application. For example, purchase of stock, a marketing campaign, the purchase of new equipment, paying wages, paying ATO debt – and more!
No there are no hidden fees. Everything is 100% transparent and will be explained to you before executing the overdraft facility.
Normally it will take 1-4 hours to get an approval and access to the funds. In some cases it may take 24 hours to get an approval and access to the funds.
