The alternative to a bridging loan: Without KSV, without a bank!
With the alternative to the bridging loan from Pfando, you don't have to worry about a KSV check or proof of income. For companies, a financial bottleneck is always possible in principle, be it through no fault of their own due to invoice defaults, unexpected tax payments or simply a poor order situation.
All you need to take advantage of our excellent alternative to a conventional loan is a registered vehicle (car, truck, agricultural machine, van, etc.). Depending on the value of the vehicle, you will receive an unbeatable pawn loan offer from us to finance your projects, which allows you to continue using the vehicle. With the bridging loan alternative, you remain able to continue using the vehicle for your work and, in addition, have direct and uncomplicated cash upon successful inspection of your vehicle – it doesn't get any better than that!
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What is a bridging loan?
Definition: “A bridging loan is a form of credit that bridges a temporary shortage of financial resources.” https://wirtschaftslexikon.gabler.de/definition/ueberbrueckungskredit-47147
Are you currently experiencing financial difficulties but expecting a delayed payment from a customer? Then you are in a situation where a bridging loan could be the solution to your problem. Bank loans are generally not well-suited for obtaining quick cash for a very short period and closing a financial gap, as they are usually long-term. Furthermore, if there is a negative entry with the KSV or other liabilities with banks, obtaining a bridging loan from a bank becomes difficult and is usually associated with a bureaucratic and slow application process.
At Pfando, in contrast to a bridging loan from a bank, you are spared these bureaucratic hurdles. With a pawn loan from Pfando, you can maintain your liquidity and invest money at the same time, for example, to purchase goods or external services. With our alternative to a conventional loan, you can secure your business operations in the short term or pre-finance an order. At Pfando, you will receive the agreed amount very quickly without KSV or other proof – and with the same mobility!
Pfando creates short-term liquidity despite KSV or poor credit rating
If you need cash quickly, Pfando is the right partner for you. Without KSV and even with poor creditworthiness, it is sufficient if you have a vehicle from your possession assessed by us for its market value. You can easily see which specific documents you should bring with you to your on-site appointment in order to receive cash quickly on the checklist in our download area.
Receive cash within 60 minutes and continue driving your car
- Immediate cash (today)
- TÜV certified
- Highest payout amounts
- The credit alternative –
even with a negative credit bureau entry - 60+ locations in Europe
- Trained customer advisors
- On site and always available for you by phone
- Verified contracts
Bridging loan for 1 month? Bridge financial bottlenecks quickly and unbureaucratically!
If you are looking for a bridging loan for a short period of one month and do not want to go to your bank, Pfando will be happy to make you an offer! Compared to conventional short-term loans, or bridging loans from banks, which require a credit rating certificate for at least a “average” credit rating, at Pfando you do not have to provide any collateral apart from your vehicle for a payout – no KSV, no classic credit ratings. The only thing you need to have is a vehicle. We at Pfando assess the market value of your vehicle and pay you the corresponding amount as a pawn loan at short notice. But you remain mobile. As a Pfando customer, you do not have to provide any collateral other than your vehicle: you can come to us for a car pawn loan (provided that no insolvency proceedings are pending and you are free to dispose of your vehicle). You can only get cash so flexibly and easily with us – contact us if you want to benefit from the better alternative to a loan from a bank!
How to use your car for interim financing
Often, collateral and information on creditworthiness are requested for short- to medium-term loans, even if only a short-term bridging loan is desired.
At Pfando, your vehicle is sufficient – whether it's a van, company car, truck, tractor or anything else from your fleet. The good thing about our car pawn loan is that you can continue to use the vehicle as usual and still receive cash immediately!
Bridging loans for restructuring or insolvency are complex
If your company is already in insolvency or is about to be, loans, bridging loans and financing via Pfando are generally legally excluded. During insolvency, the priority is to protect creditors.
In the event of personal bankruptcy, you are not allowed to sell your own car. The same applies to company cars in the event of the company's insolvency. The reason for this is that a vehicle is part of the insolvency assets and is realised by the insolvency administrator. Without an agreement with the latter, neither sale, pawning nor other borrowing of bridging loans is possible.
If you notice that your business is faltering and you need a short-term solution for your financial difficulties, then Pfando, as the market leader in this area, is your ideal partner. Simply arrange a non-binding appointment at a branch near you – we will be happy to advise you on whether and under what conditions a loan on your vehicle is an option before insolvency proceedings are initiated.
The Pfando principle explained in brief
Your alternative to a bridging loan
Private customers
We at Pfando offer private individuals with an acute need for money an individual and flexible solution. We know that the reasons for a liquidity bottleneck can be varied. For example, have you lost a legal dispute or have other private debts? Is there an accident-related payment default in the case of self-employment or is a tax refund due?
Do you have a payment default in your company and want to secure continued payment of wages?
Business customers
Even a short-term inability to pay can mean the end for a company: many business owners get into financial difficulties due to an unexpectedly high advance tax payment, especially when the tax calculation is switched from back payment to advance payment after the 3rd business year. If continued payment of wages is not possible for several months, you may lose employees and a recovery from the liquidity problem becomes increasingly unlikely. In such cases, we at Pfando’s cash & drive GmbH help business owners to quickly restore liquidity and secure continued wage payments.
What our customers say
Everything was very relaxed. The advisor was very friendly, competent and courteous. After we had clarified all the formalities, the check arrived within the next 30 minutes. [...]
After the application was processed very quickly, I had the money in my account less than 3 minutes later. And I was rid of my worries. [...] The best thing is that I can continue to drive my car.
I have been a Pfando customer for a long time and have used their services several times at certain intervals. The good thing about Pfando is the fast and uncomplicated processing to get money quickly at short notice.
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