A short term loan that allows your business to 'bridge the gap' between outward and inward cash flows.
This may be as a result of the sale of one asset and the purchase of another (usually real estate, but may be other assets)
For example, your business may buy a new asset using a bridging loan and the loan is subsequently paid out by the sale of the existing asset.
- Minimum balance - K50,000
- Term - up to 1 year
- Variable interest rate
- Your business is able to purchase assets now without waiting for the sale of another asset or maturity of an investment
- Only interest repayments are required, no principal repaid until the loan is paid out
For further information please speak with your Relationship Manager or call BSP Corporate Banking toll free on 180 1100 or +675 305 7900.