Bridging Finance

By: Smartbridge Finance  02-13-2016
Keywords: Estate Agents, Bank Loans, Home Loans

Merchant Finance: Merchant finance is short term unsecured finance to businesses such as fuel retailers, restaurants, shops, beauty salons, and similar businesses. To qualify, a business must have regular business cash flow (eg. daily), have annual gross turnover in excess of R1 million and a track record of no less than 12 months. Loans from R50,000 to R1,5 million are considered. Merchant finance is short term business finance over 6 to 12 months that does not require fixed security. Repayment is flexible, and can be calculated as a fixed periodic amount or as a percentage of daily sales. It is fast finance to apply for – the time from application to pay-out can be as short as 5 business days. Bridging Finance: We provide short-term -cash flow solutions for property transactions. We release up to 80% of available funds from property transactions to qualified clients, against an undertaking for payment by the conveyancer tasked with registration of the property transaction in the Deeds Office. By nature, property transactions have long lead times. This is often financially frustrating for parties waiting for cash flow from the transaction. In addition, sellers often need assistance with funding advance rates and transfer duties which are not covered by traditional home loans. By bridging estate agents' commissions, the proceeds from property sales, rates and taxes, transfer duties and bond proceeds, we provide immediate access to funds that are only due at a future date, being the date of transfer. The security for the property bridging advance is an undertaking by the conveyancing attorney to repay our capital and finance charges on registration of the transfer, backed by cash or bank guarantees. Our discounting rates and fees are the lowest among our direct competitors. This is because our proprietary risk evaluation tools enable us to price risk accurately. We only deal with trusted, pre-vetted attorneys with whom we have strong working relationships.

Keywords: Bank Loans, Bridging Finance, Consumer Finance Companies, Estate Agents, Home Loans, Loans & Mortgages

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We guarantee the lowest rate and will better any written quotation. We are available to assist 7 days a week.  We are professional and we promise to reply to your online request within 10 minutes after submission.


Bridging Finance @ the lowest rates in South Africa from Smartbridge Finance thumbnail
11-07-2010

Bridging Finance @ the lowest rates in South Africa

Bridging Finance at the lowest rates in the market.  We will better any written quotation.  Our service is professional and fast.  You will receive a reply within 10 minutes after you have submitted your online application during office hours. You can reach our support 7 days a week. We are here to give you the client the service you expect.


Contact details

Riveria Office Park, Riveria Rd, Killarney,
Johannesburg, Gauteng, 2001,

Main: (08) 6088 1882
Fax: (08) 6510 7173