Bridge Loans
Bridge Loans offer quick access to capital, helping "bridge" the gap between short-term financing needs and securing long-term financial options.
What is a Bridge Loan?
Bridge loans offer short-term financing options that provide immediate funding to businesses until they can secure long-term financing. These loans are used for many business scenarios such as business expansions, real estate transactions, or property renovations.
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Typically, commercial bridge loans have terms that range from a few months to a couple of years and are repaid through longer-term financing, the sale of collateral, or other business revenues.
Common Uses of Bridge Loans
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Business Expansion: Funding the expansion of business operations or acquiring new businesses while waiting for longer-term financing.
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Real Estate Acquisition: Purchasing commercial property when immediate funding is required, such as in auction situations.
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Property Renovations: Financing improvements or renovations on commercial properties before securing permanent financing.
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Debt Restructuring: Refinancing existing debt to improve cash flow before obtaining permanent financing solutions.
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Working Capital: Providing temporary capital to cover operational expenses during periods of growth or financial transition.
Key Features of Bridge Loans
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An alternative to permanent financing
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Loan amounts from $150,000 - $25 million
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Competitive rates
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Quick funding and fast closing process
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No prepayment penalties
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Income verification: W2, 1099, bank statements
