Bridge Loans for Business
Purpose: Short-term financing to bridge the gap between immediate funding needs and long-term financing solutions.
-A bridge loan is a short-term loan that helps bridge the gap between a business’s current need for financing while they wait for a more long-term solution to be secured.
-Ideal for businesses who need to leverage funding to buy real estate, expand operations, or manage cash flow, among other reasons.
Benefits:
– Quick access to capital while securing a long-term loan, flexible payments, and terms ranging from 3 months up to 60 months.
Key features:
-Loan amounts starting at $5,001 and range up to $1 million
-Payment options are super flexible with automatic daily, weekly, or monthly
–Fixed Payments, Payments are automatically withdrawn from the business bank account
–Loan terms start at 3 months and range up to 5 years