Bridge Loan

What is a bridge loan?

The preferred funding option by business owners, bridge loans, are a short-term cash flow injection, which essentially bridges the gap between waiting for income. While certain business loan approval times can be a few weeks or more, bridge loans offer funding in an instant. This can be especially beneficial when it comes to waiting for insurance claims, unpaid invoices or job bids.

Top 5 Benefits

Paying tax bills
Injection of capital
Covering expenses
Funding expansion
Capital for recruiting staff

Bridge Loan Requirements

Time in business 3 months (Minimum)

Monthly Revenue $5k (Minimum)

Business Bank Account (Required)

No Minimum Credit Score Required

Basic points to consider when applying for a bridge loan

Ease is definitely a plus when it comes to bridge loans. Beginning with a seamless online process that helps alleviate filling out forms in person, adding to the approval time. Bridge loan specialists can also help small businesses determine if this type of loan makes sense for their situation. The main points to consider include:

Applying: It usually starts with a simple online application.
Connect: Bridge loan specialists are available to see if this solution is right for you.
Funding: In some cases, you can receive your funds in 24 hours.