Bridge financing facilities, also known as bridge loans or interim financing, are short-term financing options that help businesses and individuals bridge a temporary gap in funding. These facilities are typically offered by the bank for various purposes that include:
a). Tax payments:
b). Business operations such as stock financing, school re-opening and similar expenses.
Benefits:
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Unsecured offers available depending on account turnover and business type.
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Access funds to enable stocking of essential items and pay off the facility after sale.
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Enjoy discounts and avoid stock-outs resulting from any disruption in the supply chain.
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Very affordable compared to term loans, since bridge financing is aligned with short-term business cash flow cycles.
Requirements:
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An Operational account with Finance Trust Bank
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Regular and consistent banking history with FTB.
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Application to obtain a bridge financing Facility with the bank.
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Other requirements to aid in Credit assessment of the borrower.