SMALL BUSINESS FINANCE
Bridging or Working Capital Loans
Why use PMA for your Bridging or Working Capital Loan:- You can’t meet banks' serviceability requirements
- You need funding to tide you over when things don’t go to plan
- You have some unexpected costs and need finance to keep the business afloat
Bridging or Working Capital Loan Terms
Loan Amount
Up to $5M (1st Mortgages) & $2M (2nd Mortgages)
LVR
Up to 75% (max. LVR of 75% for major metro residential property, other security at lower LVRs)
Security
1st or 2nd Mortgage
Term
3-12 months + Extensions
Bridging or Working Capital Loans
A bridging loan is a short-term loan you can use as funding for your business until you have a more permanent source of finance in place. While a working capital loan is a type of short-term loan used to finance a company’s everyday operations. The goal of working capital loans is to provide working capital for short-term capital expenditures, such as wages, rent, debt service payments, or to finance activities, such as sales and marketing or research and development.
A short-term loan from a private lender for bridging finance or as a working capital solution is often a great choice for many businesses. Usually a bank will not consider a short-term loan application because they require regular servicing of the loan (monthly payments) which isn’t possible for the business. Or there may be circumstances that make the business an unfavourable borrower to the bank but a short-term private lender is able to be more flexible.
Lending Process
Complete our
Quick App Form
or
Book a Call
with our head of relationships
After receiving the Application we’ll develop an Indicative Letter of Offer which includes an indicative interest rate.
Once the Offer is accepted a small assessment fee is charged to cover the searches we do in due diligence.
Once we’ve completed our due diligence, we’ll send a formal Letter of Offer. Once signed the loan documents are drawn up and sent to the Borrower’s solicitor.
