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Area 78 Alberta / Northwest Territories www.area78.org FOR CLIENT BRIDGING THE GAP Request Date: Name: Address: City: Phone # Home: Cell: Age: Male: Female: Facility your in: Release from Facility
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How to fill out for client -- bridging:

01
Start by gathering all the necessary information about the client, such as their personal details, contact information, and relevant financial information.
02
Determine the purpose of the bridging loan for the client. Are they using it to purchase a new property before selling their current one? Or are they using it for another reason, such as renovations or debt consolidation?
03
Fill out the application form for the bridging loan, ensuring that you provide accurate and detailed information. This may include details about the client's income, employment status, assets, liabilities, and any existing debts.
04
Attach any supporting documents that may be required, such as bank statements, payslips, tax returns, and property valuations.
05
Review the completed application form and supporting documents to ensure everything is in order and there are no errors or missing information.
06
Submit the completed application to the appropriate lender or financial institution. Follow any additional instructions or requirements provided by the lender.
07
Keep track of the application process and provide any additional information or documentation requested by the lender in a timely manner.

Who needs for client -- bridging:

01
Clients who are planning to purchase a new property before selling their current one may need bridging finance to cover the gap between the sale and purchase.
02
Property developers who need short-term financing to fund their projects may also require bridging loans.
03
Individuals or businesses looking to unlock equity in their existing property for various purposes, such as expanding their business or making investments, can benefit from bridging finance.
04
Clients who are experiencing temporary financial difficulties or cash flow issues and need immediate funds to bridge the gap until their financial situation improves may seek bridging loans as a short-term solution.
05
Homeowners who are looking to renovate or upgrade their property but require funds upfront before selling their current property might consider bridging finance to bridge the financial gap.
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Client bridging is a process to help transition clients from one service provider to another while maintaining continuity of care.
The current service provider is required to file for client bridging.
The service provider must complete the necessary forms and submit them to the appropriate authorities.
The purpose of client bridging is to ensure a smooth transition for clients between service providers.
Information such as client details, current services received, and new service provider information must be reported on for client bridging.
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