Bridging Finance to Assist in Moving Offices
In any business there will be changes along the way, changes in circumstances and a need to evolve, grow and shape-shift depending on the new route. One of those instances is when a business requires new office space, either to expand in a new location, or to downsize to best utilise the equipment and staff numbers that you have.
If your business needs to move to a new working premises as a matter of urgency you might not have the funds spare in order to do so right now. In these instances a bridging finance could be the help you need to make it happen before you miss the boat.
Although you might not have the business savings to put a deposit down on a larger office space, a bridging loan ensures you can do it right now, purchasing the property and using the premises as security. As long as you have a strong business plan in place that allows you to expand the business, add new staff and build your business to be in a position to pay back the bridging loan within the agreed period.
To find out more about bridging finance to assist your company in moving offices give First4Commercial a call and a member of our friendly team will talk to you in-depth about your specific situation. Bridging finance could be the key to allowing you to get the job done, moving offices to allow your business to evolve the way it needs to in order to thrive.