Interim Finance

If you ever find yourself in a situation wherein you need to find ways to cover your immediate expenses while you wait for your next funding, consider applying for interim finance to bridge the gap between your financial needs and long-term financing.

At Funding, we work hard to provide our clients with short-term financial solutions, and we are committed to providing the best possible loaning experience. Our industry experts strive to deliver a high level of service and great deals to all of our clients. Borrowers can rest assured that they are in good hands with us.

With a focus on innovation and customer service, Funding aims to revolutionise the private lending industry with the help of the latest technology and bank-level encryption and security. 

What is the purpose of interim finance?

Interim finance is used to cover gaps in funds as it provides individuals or companies with monetary assistance until they can secure their financing at a later date. Applying for interim finance is typically done by those wishing to buy a new home before the sale of their current one. 

Nowadays, interim financing can be used for various reasons. It’s an ideal short-term business loan for companies or sole proprietors that need cash up front after selling stock, property, or another asset. A few other uses might include working capital needs, inventory purchases, or other one-time expenses. 

At Funding, we offer principal amounts ranging from $20,000 to $10 million, depending on your type of property security and your property location. Our loan tenures for caveat loans, renovation loans, and even our second mortgage loan options range from one to thirty-six months, and payments are made in monthly instalments.

There’s no need to look for bridging loan calculators online to determine your interim finance rates and fees. With Funding, you can easily request a personalised Express Quote. You can receive same-day conditional approval along with an outline of your applicable rates. 

Interim financing is very quick and easy to arrange, which means when you take out interim finance with Funding, you only have to wait three to five days from your formal approval to receive your settlement.

We have a few eligibility criteria that all of our successful borrowers must meet: they must have a sound Australian real estate property to put up as security, be able to pay off their monthly instalments, and have a clear repayment strategy for the loan.

If you match all our borrowing criteria, you may proceed to apply for a loan with us. You’ll need to present the following details:

• Basic personal information (name, email, and phone number)
• Loan details (purpose of the loan, loan principal, and loan repayment terms)
• Property information

Aside from these documents, you may also upload any other documents that you deem relevant to the approval of your loan. You may review your loan application again before clicking the submit button to ensure that there are no errors, as these errors could delay the approval of your loan.

How do bridge financing and interim financing differ?

The terms ‘bridge financing’ and ‘interim financing’ are interchangeable, so there is no difference between the two. With a short-term bridging loan, you can get a temporary loan that can help you bridge a funding gap until you can access long-term financing again. 

The key to using a bridging loan effectively is knowing when to seek more funding. The best way to do this is to track your business’s cash flow and capital requirements. This will help you determine when you need to apply for more funding.

The most common way to apply for interim finance is through banks. However, private lenders such as Funding are becoming popular alternatives. One of the main reasons is that private lenders tend to have more lenient and quicker approval processes as compared to banks.

At Funding, you’ll notice that we don’t require you to present any proof of income as your loan security is found in the property that you put up. The types of properties we accept are residential, commercial, and even vacant land across Australia. 

What is interim financial reporting?

Interim financial reporting is the release of financial information by a company between its full-year reports. This information is typically released on a quarterly or semi-annual basis and can include items such as earnings, revenue, expenses, and cash flow.

Interim financial reports are typically less detailed than full-year reports and may not include all of the information that would be included in a full-year report. However, they can still be useful in understanding a company’s recent financial performance and trends.

The purpose of interim financial reporting is to provide shareholders and other interested parties with updated information on the company’s financial performance and position. 

Secure fast and simple cash loans with interim finance at Funding

For many Australians, the loan application process is a daunting and frustrating experience. There are so many things to take note of, and a lot of lenders require you to present many documents. At Funding, we want to avoid this and make online lending fast and simple for you.

In an industry such as ours, it is essential to provide excellent customer service, which is one of our most notable points of pride. For questions or concerns regarding our loan products, please feel free to contact us via our website, via email at info@funding.com.au, or by telephone at 1300 44 33 19.

Get an Express Quote with Funding today, and enjoy interim finance for your needs!